article thumbnail

“For Sale: This Article”: an overview of non-fungible tokens (NFTs) and IP

IP Whiteboard

NFT stands for non-fungible token. Non-fungible basically means unique. By way of comparison, a $10 note is an example of a fungible asset, because it can be replaced with another $10 note, or two $5 notes. And what role does intellectual property ( IP ) play in their creation and sale? What are NFTs?

article thumbnail

LimeWire to Return to Sell NFTs

Plagiarism Today

As such, the new LimeWiere will not be a file sharing network, but a marketplace for Non-Fungible Tokens (NFTs), initially focusing on music. Even as the NFT market has grown to billions of dollars, public perception remains very low. The company ceased operations after the RIAA sent them a cease and desist letter.

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

Miramax Sues Tarantino for Copyright Infringement Over “Pulp Fiction” NFT Sale

TorrentFreak

. “Eager to cash in on the non-fungible token (‘NFT’) boom, as widely reported in the media, Quentin Tarantino recently announced plans to auction off seven ‘exclusive scenes’ from the 1994 motion picture Pulp Fiction in the form of NFTs,” the complaint reads.

article thumbnail

New Music Industry Takedown Service Targets NFT and ‘Metaverse’ Piracy

TorrentFreak

There’s a market for pretty much anything digital today and ‘collectables’ in particular sell like hot cakes. The non-fungible token (NFT) rage shows that people are willing to pay vast amounts of money for a digital gimmick, that may or may not retain its value. “Basically, we crawl web 3.0

Music 138
article thumbnail

Around the IP Blogs

The IPKat

A recent example of how the metaverse will include digital fashion is the conflict between Hermès and MetaBirkins over allegedly trademark-infringing non-fungible tokens ("NFTs") that were marketed as MetaBirkins without Hermès' permission. Julie Zerbo tells the rest of the story on The Fashion Law.

Blogging 126
article thumbnail

NFT Update:  5 Recent Lawsuits Show a Glimpse into Future Legal Battles Involving NFTs 

LexBlog IP

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.