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NFT Copyright License Rights: Due Diligence is Critical.

Traverse Legal Blog

Be an NFT expert if you want to take advantage of this emerging market. 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.

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U.S. Treasury Study Rejects Immediate Need for New Regulation of Art Market

LexBlog IP

art market, the Report concluded that there was no immediate need to impose new regulations on the art market to combat money laundering and terrorism finance. Yet the Report also discussed how the art market remains susceptible to money laundering and describes how market participants can minimize this risk. Background.

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NFT Lawyer: Legal Risks with ‘Non-Fungible Tokens’

Traverse Legal Blog

NFTs are being used to store smart contracts and authentication for digital artwork and other digital assets. The scarcity that’s driving market prices into the thousands, tens of thousands, hundreds of thousands, and millions of dollars for a single NFT auction. Your only protection on the front end is due diligence.

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Copyrighting the Ogopogo Monster: The © story behind the news story

The IPKat

Seabrook’s 2010 obituary says that-- …as a marketing / promotion effort, he personally obtained the registered trade-mark for the word “Ogopogo” and an artistic rendering of the famed lake monster. Apparently, it was out of an excess of caution and due diligence, just in case there might be a challenge.

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Why intellectual property rights are important for startups seeking funding from investors

LexBlog IP

This can include inventions, designs, artwork, and even brand names and slogans. Investors and Due Diligence. Due diligence is designed for investors to learn more about different aspects of the company’s business, including intellectual property (IP), management, market, competition, and other factors.

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

Kluwer Copyright Blog

The ‘ Dune’ scenario is a well-known ‘tale of crypto folly’ featuring NFT purchasers who failed to exercise appropriate due diligence in determining what rights are granted when procuring an NFT. For instance, CrypToadz is a prominent CC0 NFT project wherein the artwork related to the NFT is in the public domain.

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NFTs: New Frontiers for Trademarks

LexBlog IP

NFTs can be based on three-dimensional items or artwork, or can be purely digital creations—for example, a collectable digital sneaker or a token used in a videogame. Those statistics show increasing awareness of the NFT market and likely some FOMO (or “Fear of Missing Out”) on the part of brand owners.