Posts Tagged: "blockchain"

Blockish IP: The Top IP Events That Affected Emerging Technologies in 2022

“Non-fungible tokens (NFTs),” “blockchain,” “metaverse,” “web3,” and “artificial intelligence (AI)” are buzzwords that solicited significant discussion and development in the area of intellectual property (IP) law in 2022. This overview covers five key topics in IP law that affected the growth and mainstream adoption of these emerging technologies last year.

Advocating for Ethics-Driven Regulation for Blockchain Technologies

Blockchain technology can serve as a shared database ledger that tracks assets and transactions with little to no oversight but, in theory, unlimited users. Its potential applications spanning smart contracts to blockchaining intellectual property, indicate promise for fluid collaborations, efficient remuneration and thorough intellectual property management. However, there are still crucial issues, including privacy, compatibility, liability and jurisdiction that remain undefined. Moreover, because all fields necessitate specialized codes of conduct and ethics, if blockchain technology is expected to make a significant difference in society, then it too, deserves its own field of ethics, like artificial intelligence (AI), nuclear technology, biotechnology, and space exploration. Leading minds across disciplines need to contemplate how this technology can be shaped to have a positive impact, first by examining what this field is capable of doing and its potential consequences.

Entrepreneur Spotlight: How Ray Young is Fighting Content Theft Encouraged by Big Tech Platforms

Ray Young started RightsLedger.com to give creators control of their content and opportunities for IP monetization, using blockchain technology to authenticate ownership. His latest venture, Milio.io, is the first social media platform to fairly share advertising revenue with users, and already has over a million users. Young spent over two years, since Dec 2019, in Manila working on the company’s launch and is focused on rewarding small and independent content creators with the ability to both protect and monetize their IP. I spoke with Young to better understand how he is helping creators to safeguard and profit from their content online.

Good Faith Doctrine and NFTs – How a Bored Ape NFT Dilemma May Present Unique Copyright and Contract Issues

Can something called a “Bored Ape” be embodied in a non-fungible token (NFT) and be associated with smart contracts? How could this present unique and challenging issues regarding copyright law? Over the course of the last two months, the general public has tracked what started out as a phishing scam involving actor Seth Green’s NFT from the Board Ape Yacht Club. It then evolved into a public quest to regain the NFT and the rights to develop a broadcast program based on the character depicted in the digital image. The trials and tribulations related to Seth Green’s efforts to ultimately regain his “lost” NFT made for interesting media clicks. It also raised awareness to copyright issues that are yet to be fully resolved. Seth Green may rest easy knowing he is again the rightful owner of his Bored Ape NFT, but the legal community should not be as quick to move on.

NFTs and IP Law: An Overview for Buyers and Sellers

Blockchain technology has brought the world a collection of cutting-edge investment opportunities, non-fungible tokens (NFTs) among them. And with the advent of these unique digital assets, comes an entirely novel product segment subject to intellectual property law. For months now, the media has covered stories about NFTs selling for obscene prices. But behind these headlines—and given the onslaught of NFTs that continue to flood the market—are questions regarding trademark and copyright issues raised by these non-interchangeable units of data.