article thumbnail

The Legal Governance Of Non-Fungible Tokens- Analysing Which Field Of Law Should Govern Nfts

IP and Legal Filings

In this paper, it is argued that Private-property law must be the field of law governing transactions involving Non-Fungible Tokens. The current trend in internet law, has tended to elevate companies’ rights through contracts and licences while demoting owners to simple users. [1] Peak Computer, Inc.,

article thumbnail

Steps forward: Singapore Deems NFTs as Property

IPilogue

The Singapore High Court ruled on 21 October 2022 that non-fungible tokens (NFTs) can now be considered property, Coindesk reports. They are minted using smart contracts. He then advertised sale of the Bored Ape NFT.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Trademarks and the Metaverse: Imaginary Rights or Real Wrongs?

SpicyIP

Though it is not easy to find a comprehensive list of all such trademarks in India (the website of the Indian TMR is so yesterday), recently advertised trademarks throw light on such activity. Some examples under class 9 include: S.No. Application date. Description (shortened). Feb 25, 2022. Feb 22, 2022. Dec 21, 2021. Dec 21, 2021.

article thumbnail

Ten things to know about NFTs

The IPKat

There has obviously been a considerable amount of excitement around non-fungible tokens (NFTs) over the last few years and some interesting developments in the last few months. Digital assets can be protected by IP and have always been capable of being licensed or assigned via a contract, or protected as a trade mark.

article thumbnail

NFTs: promisingly transformational, yet fraught with IP pitfalls – Part I

Kluwer Copyright Blog

Image by Tumisu via Pixabay Non-fungible tokens (NFTs) are altering society’s notion of digital ‘ownership’ and redefining the common perspective on distribution of original works to consumers by introducing scarcity to the digital realm. Valid Transfer of Rights?

article thumbnail

Breaking: Italian court grants first injunction against NFTs infringing trademark rights

LexBlog IP

The cards displayed prominently a number of trademarks owned by Juventus, including the iconic black and white stripes pattern and the contracted version of the club’s name “Juve”, typically used by fans. Key legal takeaways. The judgement by the Court of Rome is notable in a number of respects.

article thumbnail

NFT Copyright License Rights: Due Diligence is Critical.

Traverse Legal Blog

With that in mind, we now have something called non-fungible tokens or NFTs. Top marketing places include: OpenSea – Built on ERC-721 and ERC-1551 non-fungible token standards – the largest marketplace for creator-owned digital goods – easy onboarding experience for new users – create your own storefront.