Corsearch

NOVEMBER 15, 2022

If you were told 15 years ago that a personal post on your social media could be worth millions of dollars, would you believe it? A non-fungible token, also known as NFT, is a one-of-a-kind digital item stored on a public digital ledger (a blockchain), which provides a certificate of ownership to a particular individual².

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Branding Brands Branding Non-Fungible Tokens 52

Corsearch

AUGUST 2, 2023

Intellectual property rights are defined as legal rights that protect the ownership of artistic, literary, and other creative works. Copyright Copyrights are granted to authors and creators of written and multimedia works such as books, movies, music, photographs, videogames, and artwork.

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Branding Brands Branding Reporting 52

Copyright Lately

MAY 6, 2022

The same rule applies to digital artworks sold as NFTs. Here’s the first clause, section (i), dealing with ownership of the Bored Ape NFTs: “i. Ownership of the NFT is mediated entirely by the Smart Contract and the Ethereum Network: at no point may we seize, freeze, or otherwise modify the ownership of any Bored Ape.”

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Derivative Work Licensing Artwork Contracts 85

LexBlog IP

MARCH 9, 2023

Ownership of trademark rights is not contingent on a registration. This may include text messages, messaging apps, posts on any social media platform, and other forms of communication. ” ( Id. This is a highly fact-specific inquiry that depends on multiple factors. ” ( Id.

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Litigation Artistic Work Branding Brands 52

IP and Legal Filings

FEBRUARY 7, 2023

According to a Bloomberg Intelligence report [2] , the worldwide revenue opportunity from the metaverse is predicted to hit $800 billion in 2024, up from the estimated $500 billion in revenue generated by the metaverse in 2020. In contrast, NFTs and brands in the metaverse bring unique ownership considerations.

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Trademark Non-Fungible Tokens Branding Brands 80

Copyright Lately

AUGUST 25, 2023

Howell ruled last Friday that the Register of Copyrights did not act “arbitrarily or capriciously” in denying a copyright registration to Dr. Stephen Thaler for artwork generated entirely by artificial intelligence. That will require writers who identify as human. As always, I’d love to know what you think.

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LexBlog IP

APRIL 13, 2022

As previously reported on this blog , non-fungible tokens (or “NFTs”) recently emerged as one of the hottest new items on the art market—artists, auction houses, museums, sports organizations and others have jumped at the chance to create and sell their own versions of these unique tokens. Miramax LLC v.

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Non-Fungible Tokens Social Media Contracts Branding 52

Copyright Lately

NOVEMBER 21, 2021

The breathless media reports soon followed. Fundamentally, an NFT is just a transactional record and a link to a digital asset (often an image of artwork or a document) stored somewhere on the web. Again, NFTs are just an ownership record and a link to content. The NFT isn’t the image. NFTs Are Not Copyrightable.

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Copying Non-Fungible Tokens Contracts Copyright 127