The Emerging Prominence of Non-Fungible Tokens (NFTs) and Copyright
Introduction: The NFTs and the Legal Puzzle The introduction of non-fungible tokens (NFTs) has significantly changed the digital economy by rebranding the system by which artists, musicians, and media content creators monetize their work. Worldwide NFT sales reached the mark of over 25 billion in 2021 and fell under that number in the 20222023 seasons. […]
The Rise of Celebrity NFTs And The Legal Grey Zone Of Image Rights.
NFTs (Non-Fungible Tokens) basically are digital assets which can be in form of videos, photos, game items etc. and are somewhat similar to cryptocurrencies but with different demand and supply game. Both work on blockchain technology. With the emergence of NFTs in mainstream media, it caught the attention of many celebrities when they understood the […]
The Role of Blockchain in Protecting Intellectual Property Rights in India.
INTRODUCTION Protecting IPR in the present digital age and era of rapid technological changes is becoming more central. With their creative and innovative work, India needs to have effective mechanisms for safeguarding rights. Blockchain technology is the decentralized and immutable ledger system promising a new age of managing and protecting intellectual property. Blockchain provides a […]
Rise of Blockchain and the Question of Patentability
1.Introduction It started in 2008, when Satoshi Nakamoto came up with a ground-breaking idea of bitcoin and cryptographic proof that relies on CPU power to create immutable, tamper-proof ledgers which operate on a peer-to-peer architecture. Blockchain, was initially introduced only for Bitcoin and to ensure a consensus-based economic transaction, eradicating the need for a trusted third […]
Blockchain and IP
BLOCKCHAIN AND IP The phrases “Blockchain” and “Intellectual Property (IP)” don’t initially appear to be synonymous because the former refers to a relatively new technology and the latter to a collection of legal protection mechanisms for such technologies. Blockchain was developed in the early 1990s, primarily for the purpose of cryptographically preserving digital documents with […]
Non-Fungible Tokens and Their Foreplay in Intellectual Property Rights Arena
SUMMARY OF RIGHTS RELATING TO INTELLECTUAL PROPERTY An overview of intellectual property rights would be beneficial before delving into the paper’s subject matter. The safeguarding of intellectual property rights has grown in significance in the current globalised and knowledge-driven economy. The legal rights that safeguard intangible assets like inventions, literary and artistic creations, trademarks, and […]
NFTs : The Latest Technology Challenging Copyright Law
Introduction The development of cryptocurrency has noticed a surge in the number of people trading in these currencies. Similarly, rapid growth has been seen in Non-Fungible Tokens, with more and more people entering the industry. NFTs have metadata and unique identification code that cannot be replicated. However, a variety of legal loopholes arise from these […]
IP And Metaverse
A continuous, shared, and immersive 3D environment called the metaverse is where users re expected to connect, play, and work. It is regarded as the mobile internet’s substitute. Our real lives and our virtual lives are becoming more and more linked as a result of technological advancements. The metaverse, where people will largely be engaged […]
Web 3.0 & the Transformation Of Intellectual Property Ownership
Recently, the entertainment industry has shifted its focus to prosper on Web3, with well-known franchises like Marvel and Forbes expanding over the latest version of the web. However, the beginning of this transformation has not been without its complications. With the industryI still in its early days, there are several challenges to be worked out […]
Patent applications for blockchain technology : A Comparative Study Between India And U.S.A
Introduction A Comparative Study Between India And U.S.A Patent applications for blockchain technology have been fast increasing around the world. Blockchain patents are being filed worldwide in the financial industry, non-financial sector (real estate), and other generic areas, according to a comprehensive assessment and analysis of the blockchain patent landscape. Many people associate blockchain with […]