NFTs and the Metaverse: At the Intersection of Cryptocurrency, Blockchain and IP

NFTs and the Metaverse: At the Intersection of Cryptocurrency, Blockchain and IP

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Blockchain is a form of distributed ledger technology, in which a secure, transparent, time stamped, and authenticated record of every transaction is created and reported to everyone on the blockchain platform.  The music streaming platform Spotify uses blockchain to match artists with license agreements and tracks. De Beers uses blockchain technology to securely track diamonds across the full value chain from mine to cutter to polisher all the way through to jeweler.

Brand and trademark protection has begun to see benefits from blockchain technology, and trademark applications are being prepared and submitted for blockchain related goods and services, including NFT and cryptocurrency services. Similarly, patent holders are now tokenizing patents as NFTs by creating NFTs to manage the ownership and licensing of their patents. Of course, every rose has its thorn, and it is important to consider all the implications of using blockchain in brand protection.

This panel will discuss the role played by blockchain and NFTs in emerging markets for intellectual property owners, as well as the opportunities, risks, uncertainties and consequences.

Reading:

The Use Of Blockchain In Trademark And Brand Protection (by Julie Tolek)

NFTs: The Future of Managing Patent Assets? (by Sarah Ring)

Non-Fungible Trademark Infringement or Nominative Fair Use Token? Nike -v- StockX Duel Is on Pace To Shape the Future of the Metaverse (by Dan Jasnow)

Protecting and Enforcing IP Rights in the Metaverse (by Dan Jasnow)

Good Faith Doctrine and NFTs – How a Bored Ape NFT Dilemma May Present Unique Copyright and Contract Issues (by Mauricio Uribe)