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Non-fungible Tokens: Commercializing Exclusive Digital Art- A Companion Piece

IPilogue

In May 2021, a phenomenal IPilogue submission by Keir Strickland-Murphy (Osgoode Law ‘22) touched on the recent boom of Non- fungible Tokens. In this piece, I will recapitulate Strickland- Murphy’s exploration of IP ownership of Non-fungible Tokens and expand on recent developments since May.

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Copyright Laws & Trademark Infringement for NFTs

Traverse Legal Blog

Whether you are looking to make your own non fungible token to sell or you’re looking to buy an NFT as an investment, you need to be aware of copyright and trademark laws that might apply to your NFT. Are NFTs (Non Fungible Tokens) Considered Intellectual Property? What is a Non Fungible Token?

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Can We Reexamine the Role of Blockchain in Copyright Now?

Plagiarism Today

To be clear, this isn’t the first time blockchain and crypto promised that they would make artists’ lives easier or open up new opportunities, only to fail completely. NFTs (Non-Fungible Tokens), for example, were originally billed as a way for digital artists to create scarcity and enable them to charge more for “unique” works.

Copyright 239
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NFTs and Copyright: Some Burning Issues

Kluwer Copyright Blog

The last couple of years has seen the emergence of Non-Fungible Tokens (NFTs) as an important medium for the creation, sale and collection of art, with numerous instances of big money purchases of NFTs. The emergence of NFTs has been disruptive to the world of art. Image by Riki32 via Pixabay. Conclusion.

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IP infringement in Metaverse

IIPRD

It identifies the product of that company and recognizes its own and gives some rights to ownership that can be enforced. the plaintiff opened an art gallery in the virtual game world with the assistance of Second life, called “SLART” and obtained a trademark registration. Later it was settled. Copyright Infringement.

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Fashion In The Metaverse : The Law And Protection

IP and Legal Filings

For undisputed ownership of virtual designs, Intellectual Property (IP) laws must be thoroughly handled with. Interestingly, StockX contends that it is not selling the NFT as digital art but rather as a “claim ticket” to the authentic Nike sneakers that the brand sells and holds in its facilities. Yuga Labs v.

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IP and NFTs: Where are We?

LexBlog IP

NFTs are units of data stored on a blockchain that signify ownership of (supposedly) unique digital media items. In his motion, Rothschild argued that he used “MetaBirkins” as a title to an artistic work as opposed to a source-identifying trademark. Grimaldi , 875 F.2d 2d 994 (2d Cir. 2d at 1005. .”

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