Tag: blockchain

Trademark Infringement by NFTs: International Scenario

BACKGROUND AND CONTEXT An analysis of the opportunities offered by the use of NFTs (“Non-fungible Tokens”) illustrates that such use may be considered a trademark infringement. This was recently clarified by the IP Chamber of the Court of Rome (Tribunale di Roma, decision n. 37165/2022 dell’11 luglio 2022). 32072/2022).[i] An analysis of the opportunities offered … Continue reading Trademark Infringement by NFTs: International Scenario

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Protection of Nonfungible Tokens in Sri Lanka

Introduction Sri Lanka and Nepal have seen a substantial increase in the number of cyber-security threats, while Bangladesh is leading the world in terms of the percentage of mobile malware infections. In order to address these risks, Sri Lanka and Bangladesh both approved the Digital Security Act in 2018 and the Framework for Proposed Data … Continue reading Protection of Nonfungible Tokens in Sri Lanka

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Protection of Non-Fungible Tokens in the United States

Introduction Since the advent of the Internet more than 20 years ago, society has benefited from an online network centred on communication, data, and information. A number of independent virtual worlds have also emerged, mostly on social media and in video games like Fortnite and TikTok. The metaverse promises interconnected virtual worlds that can be … Continue reading Protection of Non-Fungible Tokens in the United States

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NFT’S And Indian Law

What are Non-Fungible Tokens (NFT) NFT (Non-Fungible Token) are a digital assets that can be bought and sold online, usually with cryptocuurency. Understood as cryptographic assets, NFTs are usually a part of blockchains with a unique identification code and metadata that can be distinguished from one another. This is different from fungible tokens like cryptocurrencies … Continue reading NFT’S And Indian Law

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Metaverse is a virtual reality world

Introduction Metaverse is a virtual reality world in which people are supposed to socialize, play, and work and is composed of online, shared and persistent digital spaces. It is considered as the successor of mobile internet. With the technological developments, our virtual lives and our real lives are getting mixed and intertwined. Metaverse will be … Continue reading Metaverse is a virtual reality world

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NFT and Its Relationship with IPR

Introduction The non-fungible tokens [hereinafter referred to as “NFTs” have been the talk of the town for a decade now. They can have multiple use cases, given the ability to foster innovation and produce revenue for both creators and purchasers. Nevertheless, as the creative work enters the NFT market, the deal comes with the issue … Continue reading NFT and Its Relationship with IPR

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The Development of NFTs through the Legal Perspective

Due to its growing price and increasing presence in creative works such as art, tweets, songs, memes, photographs, other digital media, or a virtual representation of, Non-Fungible Tokens (hence, NFTs) have become a popular issue over the last couple of months. NFTs are a cryptographically created receipt of ownership of a certain thing or entity. … Continue reading The Development of NFTs through the Legal Perspective

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Smart Contracts in IPR Paradigm

Smart Contracts, a concept that was proposed in 1994, with the intention to execute contractual obligations using computer codes has sprung into life after the introduction of blockchain technology in 2008. What blockchain did for smart contracts was to provide by linkage, a far less opaque, verifiable, impenetrable register to keep a record of all … Continue reading Smart Contracts in IPR Paradigm

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Smart Contract In The Indian Crucible

Smart Contracts- First Impressions Few words have caused as much bewilderment in the Indian setup as “blockchain” and “smart contracts” have. Much excitement has been generated by the coverage of cryptocurrencies in mainstream media, and the general aspiration towards digital transactions. But, the lack of understanding of the workings of the systems has stalled the … Continue reading Smart Contract In The Indian Crucible

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