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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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Tarantino Asks Court to Dismiss Miramax’s ‘Pulp Fiction’ NFT Lawsuit

TorrentFreak

The popularity of non-fungible tokens, NFTs for short, has reached new highs over the past year. Movie studio Miramax, which owns most of the rights to the film, sees the plan as a contract breach and copyright infringement. That turns copyright law on its head,” the lawyers write.

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The first NFT copyright infringement decision handed down in China

Biswajit Sarkar Copyright Blog

Given the rapid growth of Non-Fungible Token (NFT) market, it was just a matter of time until a court recognised the labyrinth of intellectual property difficulties that surrounded the distribution and sale of NFT digital works. If it fails to do so, the NFT platform may face copyright infringement penalties.

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The first NFT copyright infringement decision handed down in China

Biswajit Sarkar Copyright Blog

Given the rapid growth of Non-Fungible Token (NFT) market, it was just a matter of time until a court recognised the labyrinth of intellectual property difficulties that surrounded the distribution and sale of NFT digital works. If it fails to do so, the NFT platform may face copyright infringement penalties.

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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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A Brief Thematic Review of Non-Fungible Tokens and their Copyright

IP and Legal Filings

In the current cyberspace, copyright infringement and piracy have occurred from developers, artists, and end users. The copyrights Act includes computer programmes and electronic communication, however this has been viewed as a grey area. NFTs are governed by smart contracts, which divide ownership and limit transferability.

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Can We Reexamine the Role of Blockchain in Copyright Now?

Plagiarism Today

However, those familiar with copyright law, immediately began to point out flaws in the plan. 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. It’s a simple idea, but one that hasn’t taken off yet.

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