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Lawsuits are spiking on the issue of whether non-fungible tokens (“NFTs”) qualify as “real” goods for the purpose of trademark protection – May 16, 2022

CoCal IP Law Institute

Non-fungible tokens ("NFTs") - what are they, anyhow? On Monday, May 16, 2022, SoCal IP Law Group LLP partner Marina L. Technically, they are a digital asset. Again, what does that mean?

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Trademarks and the Metaverse: Imaginary Rights or Real Wrongs?

SpicyIP

Feb 25, 2022. March 4, 2022. Feb 22, 2022. Class 9: Virtual two wheelers; virtual motorcycles; virtual scooters; virtual three wheelers; virtual electric vehicles; virtual gaming studio, virtual gaming parlour, downloadable multimedia files containing artwork, text, audio and video files and non-fungible tokens.

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“Murky Terms of Purchase and Ownership”: Nike Sues StockX Over Virtual Sneaker NFTs

IPilogue

and requiring someone to repeat their answer after you zoned out, here is the definition: Non-fungible token (“ NFT ”): a digital asset that represents real-world objects like art, music, in-game items, and videos. For those of you like me who have survived this long asking the question “what is an NFT?”

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What legal lines can’t NFTs cross? The Nike v StockX lawsuit may provide answers

IPilogue

On February 3 rd 2022 Nike Inc. sued StockX LLC for trademark infringement, false designation of origin, trademark dilution, and related causes. Nike alleges that StockX is selling unauthorized non-fungible tokens (“NFTs”) of Nike sneakers. These issues are novel in their involving the metaverse. The Nike Suit.

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Tokenization of intellectual property for IP rights management

The IPKat

Consider the recent WIPO webinar , "Blockchain Whitepaper for IP Ecosystems", at which the view was expressed that the future of IP management rights could include a solution that utilizes tokens, and, in particular, non-fungible tokens. A token could be already issued when you apply for an industrial IP (e.g.,

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[Guest post] Free Holdings case raises important issues regarding the legal nature of NFTs

The IPKat

The IPKat is pleased to host the following guest post by Katfriend Paolo Maria Gangi (Studio Gangi) on a recent case addressing the legal nature of non-fungible tokens (NFTs). Ownership of every name periodically expires and, at that point, anyone may freely claim it on Namecoin by re-registering the expired name.

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How can Fashion Brands feel more protected in the Metaverse?

Olartemoure Blog

The virtual universe Decentraland hosted in March 2022, the first Metaverse Fashion Week which was a success, as it featured more than 70 brands, artists and designers. The online clothing, the virtual versions of the items, are in the form of what is known as NFTs (non-fungible tokens).