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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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MarkIt to Market® - May 2022: Web3 Inspires Spotify to Try NFTs

JD Supra Law

Non-fungible tokens (NFTs) and the metaverse are the latest buzzwords online, including in the legal industry. But have you heard about Web3? By: Sterne, Kessler, Goldstein & Fox P.L.L.C.

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Nike’s Trademark Fight Against StockX Moves Offline

IP Watchdog

In January 2022, StockX announced its plans to launch The Vault, which uses non-fungible tokens (NFTs) to allow buyers to track ownership of physical products resold on its e-market and warrant their authenticity, including Nike shoes. Nike, Inc. StockX LLC, 1:22-cv-00983-VEC.

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How NFTs help form the Metaverse and the new Web 3.0

CopyrightsWorld

Non-fungible token technology has enabled artists to sell digital originals without the use of intermediaries while also receiving royalties on secondary sales of their work. However, this is only the early stages of the capabilities that non-fungible tokens offer to the web 3.0 to web 3.0.

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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. Nike alleges that StockX is selling unauthorized non-fungible tokens (“NFTs”) of Nike sneakers. NFTs are unique digital assets that are digital representations of ownership of real-world items. These issues are novel in their involving the metaverse. The Nike Suit. StockX Vault NFTs.