Tag: non-fungible tokens

Birkins vs. MetaBirkins: Trademark Infringement in the Digital Sphere

By: Lily Keene Non-fungible tokens (“NFTs”) are assets that have been tokenized through a blockchain and cannot be replicated.  The tokens are distinguished from each other by unique identification codes and metadata.  They represent digital or real-world items like artwork and real estate.  NFTs can be traded and exchanged for money, cryptocurrencies, or other NFTs.… Read More Birkins vs. MetaBirkins: Trademark Infringement in the Digital Sphere

jcunningham

Non-Fungible Tokens: Analyzing Digital Collectibles Through the Lens of the Law

This blog discusses non-fungible tokens (NFTs) which are a type of digital collectible. Some NFTs are abstract – they are often a purchasable, conceptual representation of something else (such as a Tweet, real estate, etc.); but their value lies in ownership – while circulation of the subject matter is still available to the public, the owner of the NFT is essentially the recipient of a digitally-authenticated note. In addition to presenting the complexities of NFTs in a more digestible manner, this blog explains the legal implications of their flourishing role in the world of crypto-digital assets, specifically in the context of intellectual property and securities law. … Read More Non-Fungible Tokens: Analyzing Digital Collectibles Through the Lens of the Law

JHTL

Non-Fungible Tokens: The Million Dollar Digital Assets

NFTs are unique blockchain-based tokens and provide a way for the digital transfer of assets. While digital art and whatnot can be easily screenshotted or photographed, only the purchaser of the NFT has the original due to the uniqueness of the transfer. Digital art is a common NFT, but currently Twitter CEO Jack Dorsey is selling the first tweet ever as an NFT, and the current bid is $2.5 million. I will discuss different examples of NFTs and the legal ramifications of these transfers, specifically the rights owners have when they buy the tokens. … Read More Non-Fungible Tokens: The Million Dollar Digital Assets

JHTL