The highly anticipated jury verdict in the Hermès litigation over MetaBirkins NFTs has some important takeaways for both artists and sellers of NFTs as well as brand owners.Continue Reading Takeaways from the Hermès Litigation over MetaBirkins NFTs
Yasamin Parsafar is a partner in the Intellectual Property Practice Group in the firm's San Francisco office and is Co-Leader of the firm’s Blockchain & Fintech team.
Everything is being tokenized these days, including art, games, collectibles and much more. The record prices being fetched have created an NFT frenzy. This distribution model has created a new channel for monetization of creative IP. Given some of the unique aspects of NFTs, IP owners need to rethink their IP protection and licensing strategies. IP protection strategies should include specific protection relating to NFTs. Due to some of the unique aspects of NFTs, various new considerations need to be addressed when licensing IP. NFT creators need to be mindful of potential infringement issues when using third party IP and should also consider IP protection for their original creations.
Continue Reading NFTs and Intellectual Property: What IP Owners and NFT Creators Need to Know