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

IP and Legal Filings

The next phase of blockchain technology is focussed on bringing such scarcity and uniqueness to the internet, allowing for the ownership and collection of unique digital assets. In this paper, it is argued that Private-property law must be the field of law governing transactions involving Non-Fungible Tokens.

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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.

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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.

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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.

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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. The terms of ownership and remuneration vary between platforms. Here is a roundup of the key things to know and keep an eye on.

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

IPilogue

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.

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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.