article thumbnail

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

IP and Legal Filings

IP owners must plan and safeguard their unique creation from any prospective infringements because NFTs have a distinguishing trait. [ii] NFTs are governed by smart contracts, which divide ownership and limit transferability. vii] NFTs are prone to “copyfraud” and other violations of the moral rights of the inventor.

article thumbnail

Analysing the Intersection of Blockchain, Cryptocurrencies and Intellectual Property Rights

IP and Legal Filings

Cryptocurrencies are significantly relevant in several IP-intensive industries such as music, pharmaceutical, automotive, and luxury goods. Trademarking of cryptocurrencies is yet another aspect that links IP to the crypto market. The copyrights that subsist on an NFT are also governed with the help of a smart contract.