article thumbnail

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. The process of creating a digital asset with a smart contract is called "minting".

article thumbnail

A Year Since Hermès Verdict: The Tussle Between Trade Mark Rights and Artistic Freedom Continues

IP and Legal Filings

Firstly, it unanimously found the creator of MetaBirkin NFTs guilty of trademark violation on all three counts. Secondly, it refused to recognize those non fungible tokens as an ‘Art’ and held them disentitled for any protection under the ‘First Amendment’. The nine-person jury made two important observations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fatal Mistakes Made By The ‘Bored Ape Yacht Club’ & ‘Crypto Punks’ NFT Projects

Traverse Legal Blog

Today, we’re going to talk about non-fungible tokens (NFTs). What Is A Trademark & How Does It Impact NFT Drops? A trademark can be any word or phrase symbol design combination of things that identifies your goods and services in the marketplace. My name is NFT lawyer Enrico Schaefer.

article thumbnail

Protection of Intellectual Property (IP) in the Metaverse

Kashishipr

With the Metaverse and Non-Fungible Tokens (NFTs) being the common buzzwords as of late, the USPTO (US Patent & Trademark Office) has been experiencing a significant rise in the number of Trademark Applications filed in the virtual sphere to safeguard the products and services.

article thumbnail

Role Of NFTs In The Fashion Industry: An Overview

IIPRD

Recently, a new trend of merging of blockchain technology with creative intellectual property via non-fungible tokens (“NFTs”) had taken place. The idea has spread across all market sectors, and now luxury fashion retailers have joined the tokenization bandwagon. Introduction. What are NFTs?

article thumbnail

Trademarks as a Barrier to Free-Speech: An Examination of the MetaBirkins Dispute

SpicyIP

Trademarks as a Barrier to Free-Speech: An Examination of the MetaBirkins Dispute. Non-fungible tokens (‘NFTs’) have occupied a significant space in current legal discourse, in no small part due to the numerous legal questions that have emerged in their wake. The views expressed in the piece are personal.

Trademark 130
article thumbnail

Metaverse: Fashion Trademark Battles to Watch

JIPEL Copyright Blog

The new gems being mined are the non-fungible tokens (NFTs), which are already at the center of several trademark battles. However, for Nike, the NFTs would significantly differ from paper receipts because its trademark is not being used only in connection with the purchased shoe, but as a source designator.