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Category: NFTs

The USPTO and USCO Delivered a Report to Congress on IP Issues with NFTs – Maintains Existing IP Regime

The United States Patent and Trademark Office (“USPTO”) and the United States Copyright Office (“USCO”) delivered a report to Congress entitled Non-Fungible Tokens and Intellectual Property on March 12, 2024 (“Report”). While the Report is comprehensive, it does not recommend any new action to address IP issues …

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March 13, 2024March 13, 2024 By AdsmithBroker

Asia Broadband’s Second Gold-Backed NFT Collection the

Asia Broadband’s Second Gold-Backed NFT Collection the “Golden Rascals” Are Now In The Final Minting Phase and Listed on the Solana Blockchain News Home Wednesday, March 13, 2024 08:00 AM | GlobeNewswire via QuoteMedia Mentioned in this article Asia Broadband’s Second Gold-Backed NFT Collection the …

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March 13, 2024March 13, 2024 By AdsmithBroker

Magic Eden Dishes Out Diamonds to ETH NFT Traders Today

Magic Eden, in collaboration with Yuga Labs, recently launched a royalty-supportive marketplace on Ethereum (ETH). Today, through this initiative, the two NFT titans are granting ‘Diamonds’ to OG ETH NFT collectors.  Shortly, individuals engaging with ETH NFTs can start accruing Diamond rewards through Magic Eden’s …

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March 13, 2024March 13, 2024 By AdsmithBroker

Solana-backed NFT marketplace Tensor announces governance token

Backed by Solana founders, NFT marketplace Tensor has revealed the launch of its own token TNSR to govern protocols that have traded over $2 billion worth of NFTs. In an X thread on Mar. 12, the Tensor Foundation revealed the launch of TNSR, a governance …

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March 13, 2024March 13, 2024 By AdsmithBroker

Existing Laws Can Tackle Prevailing Infringement Concerns of NFTs

Key points: The USPTO and the US Copyright Office released a joint report acknowledging the advantages and challenges of NFT space. The Offices assert that the existing enforcement mechanisms can handle NFTs’ prevailing infringement concerns. As per the joint report, no changes to the IP …

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March 13, 2024March 13, 2024 By AdsmithBroker

Yuga Labs seeks court penalty for Ripps’ key destruction

Yuga Labs has pleaded with a U.S. court to sanction  Ryder Ripps. They claim Ripps purposely destroyed the private keys to his wallets holding RR/BAYC NFTs. In a filing last week, Yuga Labs claims Ripps’ actions were intended to “thwart” a court injunction. “Given Mr. …

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March 13, 2024March 13, 2024 By AdsmithBroker

U.S. Govt. Study Concludes No NFT-Specific Legislation Needed Yet, Current Copyright Laws Adequate

Current laws around intellectual property are enough to deal with concerns around NFTs, a government study has found. The study was requested by Former Democratic Senator from Vermont, Patrick Joseph Leahy and Democratic Senator from North Carolina, Thom Tillis, in June 2022. The current intellectual …

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March 13, 2024March 13, 2024 By AdsmithBroker

U.S. Govt. Study Concludes No NFT-Specific Legislation Needed Yet, Current Copyright Laws Adequate

The current intellectual property laws are adequate to deal with concerns about copyright and trademark infringement associated with non-fungible tokens (NFTs), a 112-page long study by the United States Patent and Trademark Office (USPTO) and the U.S. Copyright Office has concluded. The study was requested …

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March 13, 2024March 13, 2024 By AdsmithBroker

US Gov Report: NFTs See IP Infringement, No New Laws

A recent joint report by the U.S. Copyright Office and the Patent and Trademark Office (USPTO) has delved into the realm of nonfungible tokens (NFTs) and their implications on intellectual property (IP) laws. While acknowledging the rampant piracy and infringement challenges within NFT marketplaces, the …

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March 13, 2024March 13, 2024 By AdsmithBroker

NFT Drama: US Report Uncovers IP Chaos, Says “Keep the Laws!”

Key Takeaways: The U.S. Patent and Trademark Office and Copyright Office conducted a joint study on the impact of emerging technologies like NFTs on intellectual property (IP) laws, concluding that current laws sufficiently cover IP rights in the context of NFTs. The study highlighted issues …

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March 13, 2024March 13, 2024 By AdsmithBroker

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