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ARTICLE · 08 JUNE 2022

NFT-Related IP Litigation On The Rise

Lewis Brisbois Bisgaard & Smith LLP
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Not since the Y2K days has there been more buzz over a subject, i.e., NFTs and the Metaverse.

United StatesIntellectual Property
Jonathan D. Goins
Jonathan D. Goins
Jonathan Pink
Jonathan Pink
Thomas Russell, III
Thomas Russell, III
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Not since the Y2K days has there been more buzz over a subject, i.e., NFTs and the Metaverse. Only time will tell if this trend is an exaggeration, or if we are on a "Don't Stop Believin'" euphoric Journey that is here to stay. As most likely know by now, NFTs, or non-fungible tokens, are unique financial, digital data stored in blockchain that permits an owner's ability to display, publish, offer, sell, or auction artwork, music, gaming, and collectibles. NFTs are part of a blockchain maintained across several computers that are linked in a peer-to-peer network. Each NFT contains owner identifying information and a smart contract requiring an additional payment to the original owner for each transfer of ownership or licensed use.

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