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“# Nonfungible tokens from a legal perspective ” A nonfungible token (NFT) can be both a representation of a physical or digital asset that only exists on the internet — a programmable piece of art. It provides ownership of an underlying asset, like a painting, and it can also represent a digital asset in the…
“# Craig Wright wins default judgment, Bitcoin.org must remove Bitcoin Whitepaper ” The self-proclaimed Satoshi Nakamoto and Bitcoin SV proponent, Craig Wright, has won a legal battle claiming copyright infringement on the part of bitcoin.org for hosting the Bitcoin whitepaper. Wright won by default after the website’s pseudonymous owner, “Cøbra,” chose not to mount a…
“#Converse accused of sneaking rejected intern’s shoe designs” Is this a crime of fashion? A Florida designer has claimed Converse stole her sneaker design after noticing their new line bore an uncanny resemblance to prototypes she submitted on a rejected internship application two years back. A video posted Saturday detailing the alleged shoe theft currently…
“#Red Hot Chili Peppers to sell song catalog for $140M: report” The Red Hot Chili Peppers are reportedly selling the rights to their song catalog — which includes hits like “Under the Bridge,” “Give It Away” and “Californication” — for $140 million. The Anthony Kiedis-fronted band is selling the publishing rights to its songs to…
“# A cure for copyright ills? NFTs promise to empower creative economies ” If you’ve had anything to do with digital arts, digital assets, or both, in the last few months, it has been virtually impossible to escape the barrage of news about how nonfungible tokens, or NFTs, are changing the game for creative industries….
“# Copyright infringement and NFTs: How artists can protect themselves ” Copyright infringement in the online world has been an issue ever since the internet entered our lives — with a copy-and-paste culture, it’s never been easier to pass off a funny tweet as one’s own, upload unauthorized versions of chart-topping songs, and repurpose jaw-dropping…
“#Supreme Court backs Google in Oracle copyright battle” The US Supreme Court sided with Google Monday its decade-long copyright battle with fellow tech giant Oracle over a batch of software code used in the Android mobile operating system. In a 6-2 decision, the court ruled that Google had not violated copyright law by using more…
“#Apple backs independent musicians with $50 million investment” Apple led a $50 million fundraising round for a fledgling company that helps musicians distribute and market their music while allowing them to keep their copyright, according to a report from the Wall Street Journal. UnitedMasters, which was launched four years ago with $70 million in Silicon…
“# Nifty News: Italian copyright agency mints 4M NFTs, breast cancer LINK found, and more ” Italian copyright collecting agency Società Italiana degli Autori ed Editori, SIAE, has minted more than four million NFTs on the Algorand blockchain to digitally represent the rights of more than 95,000 authors. The partnership between SIAE and Algorand started…
“# Grammy-winning producer Illmind auctions rights to new samples as NFT ” NFTs are being used to explore a new business model that puts music makers back in control of sales and copyright issues. Grammy winning producer Illmind released what he calls the “first ever NFT-backed sample loop/melody pack” on Feb. 25, putting a collection…