The IP in NFTs – Strategies for protecting your brands and products in the metaverse

The creation ("minting") and sale and use of NFTs raises many IP issues which we have discussed in our previous posts in our IP in NFTs series. However, brand owners and product manufacturers must also be vigilant in monitoring the virtual marketplaces to ensure that third parties are not creating NFTs that infringe their own IP rights.  This is especially true where the company is considering releasing or has released NFTs, because the public will begin to associate the brand with NFTs (which could include infringing NFTs).  There are several strategies that companies could adopt to minimise this risk. Read more

The IP in NFTs – What is being purchased?

As we reported in our first blog post in this series, non-fungible tokens (NFTs) are a new asset class that is being adopted eagerly across all sectors, raising some interesting challenges from an IP perspective. While NFTs have demonstrated themselves to be a powerful tool in the new digital era, they remain poorly understood, in particular in relation to the rights that are (or are not) transferred on purchase of an NFT. Releasing (known as "minting") and purchasing NFTs can give rise to a number of IP-related issues, such as: - Who has the right to create and release NFTs? - Does the NFT infringe third party rights? - What rights are transferred with the NFT (and on resale)? - How this rights transfer is achieved? Read more

The IP in NFTs – what you need to know

Non-fungible tokens (NFTs) are one of the hottest IP topics currently. NFTs can be used simply for marketing purposes or as a new form of asset to attract investment or as part of the transfer of products and services into the Metaverse.This new asset class has exploded across all sectors and raises some interesting challenges from an IP perspective. While NFTs have demonstrated themselves to be a powerful tool in the new digital era, they remain poorly understood. In our series of blog posts on NFTs, we explore intellectual property considerations, misconceptions and issues that we are seeing arising in the NFT space, including, in this first blog post, clarifying what NFTs are and how they can create effective control over digital assets and the use of NFTs for provenance and anti-counterfeiting. Read more

UK consultation on AI concludes that a text and data mining exception to copyright and database right infringement for any purpose should be introduced

The UK Intellectual Property Office (IPO) has published its response to its consultation on legislative changes needed to accommodate AI, stating that it has accepted the need to create a new data mining exception for copyright and database rights and that this will make it easier to analyse material for machine learning, research and innovation. The exception will apply to text and data mining for any purpose, although rights holders will still have safeguards to protect their content, including a requirement for lawful access. The Government’s decided not to introduce changes to the UK’s patent inventorship criteria or copyright computer generated works provisions at this time, although the law will be kept under review. Read more

Draft “Regulation on Prohibition for Abuse of Intellectual Property Rights to Exclude or Restrict Competition” released for public comment by Chinese authorities

The China State Administration for Market Regulation has published a Regulation on Prohibition for Abuse of Intellectual Property Rights to Exclude or Restrict Competition (Draft for Comment), which is now open to the public for comments.  The Regulation reflects the latest approach of the China authorities to the relationship between competition law and intellectual property enforcement, which has been a topic of concern for a long time, and includes clarification on scenarios that will be deemed abuses of market dominance in relation to SEP licensing. Read more