NFTs
No New Intellectual Property Laws Needed for NFTs, Copyright and Patent Report Says
It is not currently necessary to change intellectual property law to address concerns about non-fungible tokens, according to a joint report published Tuesday by the U.S. Patent and Trademark Office and the Copyright Office.
The offices’ report examined the IP challenges raised by NFTs and recommended how to apply current laws to tokens. Existing enforcement mechanisms are sufficient to address concerns about infringement, and consumer confusion about what rights are included when purchasing an NFT is best resolved through educational or consumer protection measures, the report states.
“While many stakeholders have raised concerns about copyright and trademark infringements associated with…