News
The DeFi Education Fund says a patent owned by True Return Systems is being used to try to profit from lawsuits against decentralized protocols.
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Patents News
A patent is an exclusive right granted to an inventor in exchange for the disclosure of the invention, offered by a sovereign state or intergovernmental organization. A patent is a form of intellectual property and is granted only for some period of time. Patented technology is protected against it being duplicated for the commercial use of other entities other then its inventor. Being an important part of many businesses, technological and fintech patents are strongly protected. Still, there is room for further development. For example, blockchain patents can help with validating data about the invention and in proving the time of its establishment. Blockchain network for patents, alongside networks for storing other crucial data, such as health information or renting contracts, are an important field of study and are in the process of development.
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CBS Studios applied to use the name “Star Trek Continuum” for nonfungible tokens and crypto collectibles.
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JPMorgan’s ChatGPT rival, IndexGPT, will be used across various business units, including advertising, business consulting and different finance-focused software.
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The information was published on WIPO’s global database for intellectual property on May 11, 18 months after LG filed its application.
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The Avalanche Foundation has launched a new mentoring initiative for digital artists, and Ticketmaster has introduced a new feature allowing artists to reward NFT holders.
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Sony’s NFT framework aims to integrate NFTs into gameplay, with the technology representing skins and other popular in-game functionalities.
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Nissan has recently filed four new Web3 trademarks for its Infiniti, Nismo and Nissan brands.
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The first two months of 2023 haven't seen a slowdown in trademark filings, with recent filings covering automotive, clothing and fast-moving consumer goods.
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NFT trademark filings by companies aren’t just a marketing stunt. According to a trademark lawyer, they have to use what’s in the application.
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Celebrities are facing huge losses on their Bored Apes bought during the NFT peak, but big names like Sony and Adidas are pushing further into the industry.
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NBA superstar Stephen Curry filed a trademark application for the Curryverse metaverse on Oct. 26.
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The company's trademark owner applied for its name to be used in software “to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange” crypto and NFTs.
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The plaintiff, Veritaseum believes that other centralized and decentralized crypto exchanges may have also unlawfully used the patent to facilitate crypto payments, trading and staking services.
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Data from March reportedly showed the largest number of U.S. trademark filings in 2022, with 1,078 for NFTs, 604 for cryptocurrencies and 759 for the Metaverse.
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In posting NFT artwork on social media, a new owner could be breaking intellectual property laws. A “wave of litigation has already begun.”
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