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 […]

Protection of Non-Fungible Tokens in UAE

Non-Fungible Tokens are cryptographic assets on a blockchain with certain unique identification codes and metadata that distinguish them from each other. Unlike the cryptocurrencies, they cannot be traded or exchanged at equivalency. Thus, they do not serve the purpose of commercial transactions. However, NFTs can be bought or sold on NFTs based marketplaces. Sometimes, the […]

Role Of NFTs In The Fashion Industry: An Overview

Introduction Recently, a new trend of merging blockchain technology with the 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. The principles that govern the luxury fashion industry are similar to those that govern other industries. […]

Creators’ Paradise: Non-fungible Tokens

Introduction Non-Fungible Tokens (hereinafter, NFTs) have seen a meteoric rise in their usage and have been linked to all types of creative works such as photographs, tweets, music albums, and other varied digital media. Garnering such stature, with an NFT for an animated GIF selling for more than $500,000, an NFT for digital art snapping […]