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Tokenization of intellectual property for IP rights management

The IPKat

Consider the recent WIPO webinar , "Blockchain Whitepaper for IP Ecosystems", at which the view was expressed that the future of IP management rights could include a solution that utilizes tokens, and, in particular, non-fungible tokens. Tokenization of IP In a nutshell, "tokenization" means using a smart contract (i.e.,

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Rise Of IP Issues Due To The Increasing Popularity Of NFTs

IIPRD

But in this sphere of metaverse and blockchain currencies, the Ethereum blockchain has gained skyrocketing popularity with the evolution of Non-Fungible Tokens. Non-Fungible Tokens mainly refer to digital files of various digital as well as physical goods and creations that are stored as tokens and can be traded easily.

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Outcome of Hermes Claim Against MetaBirkin NFT May Provide Glimpse of Future for Fashion, Art in Metaverse

LexBlog IP

Hermes recently sued a digital artist for knocking off its Birkin handbag through the issuance of MetaBirkin non-fungible tokens (“NFT”). Second, be on the lookout for competitors and opportunists knocking off your design patents, goods, and services, or causing consumer confusion.

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