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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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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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[Guest post] BAYC sues Ryder Ripps over unauthorized minting of NFTs

The IPKat

Trade mark infringement cause of action is brought under common law while unfair competition cause of action is brought under both common law and California Business and Professions Code §§ 17200 et seq. NFTs – still subject to “old” IP law An NFT is a non-fungible (i.e. This is a U.S Ether (USD 1+ million).

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

IP and Legal Filings

Such works of art benefit the creator, and they are protected by the law of intellectual property. Following the 2012 revision to the copyrights Act, it was made clear that Internet activities were also covered by the copyright law. NFTs are governed by smart contracts, which divide ownership and limit transferability.

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Buying an NFT? You are not buying what you think.

Traverse Legal Blog

Today, we will be talking about NFT non-fungible token licensing. There was a recent story that is an instructive lesson in copyright law that has application to the NFT market. The NFT is a smart contract coded with the NFT. The right to create derivative works. the Bored Ape or CryptoPunk).

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NFTs: New Frontiers for Trademarks

IP Tech Blog

Intellectual property owners need to add the metaverse to places to watch for possible infringement, specifically, trademark or copyright infringement in the form of NFTs or non-fungible tokens. While NFT-related marks are clearly protected under US law, the laws of other countries might differ.

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The Battle Over Poker NFTs

Plagiarism Today

On September 23, the art site PokerPaint announced on their Twitter (Tweet now deleted) that they were releasing a series of Non-Fungible Tokens (NFTs) on OpenSea. In that apology, Butz admitted he was “clearly ignorant about copyright laws and got defensive when it was brought to my attention.”

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