Over the last several years you may have heard the term blockchain Blockchain technology has emerged as an innovative record-keeping technology most notably recognized as the underlying technology behind Bitcoin cryptocurrency.

Non fungible tokens and intellectual property. Non-fungible Tokens and Intellectual Property Law. At root is the next iteration of blockchain technology unique digital assets called non-fungible tokens. NFTs have been put under the spotlight this year as several sales of NFTs recorded purchase prices exceeding a.

The most innovative part of blockchain is that it is decentralized. With nearly twice as many buyers as sellers sports memorabilia companies. Key Considerations A Practical Guidance Article by Daniel.

As the New York Times explains An NFT is. Intellectual Property Issues and Non-Fungible Tokens NFTs Home News Intellectual Property Issues and Non-Fungible Tokens NFTs Posted on August 9 2021. Whats a Non-Fungible Token NFT and is it a form of intellectual property IP.

First some background on NFTs. This is a second article on NFTs following upon our first article on NFTs titled Non-fungible tokens and their legal implications published on 27 May 2021Our first article explained some of the basic terminology identified some fundamental intellectual property rights and other legal issues of concern. Intellectual Property and Non-Fungible Tokens.

NFTs or Non-Fungible Tokens are digital files with a unique identity that is verified on the blockchain. A topic at the edge of intellectual property IP law is the ambiguous relationship between non-fungible tokens NFTs and copyright law. Intellectual Property attorney Daniel Barsky authored a Practical Guidance article for LexisNexis discussing some of the novel legal issues that non-fungible tokens NFTs raise in the area of intellectual property law.

Non-fungible tokens NFTs and copyright law. Renowned pillars of the Internet we know today including the creators of Twitter and the iconic Nyan Cat are sealing their mark in history by putting commemorative items up for sale in the NFT. He touches on key issues in NFT marketplace user agreements licenses and copyright ownership considerations.