MetaBirkins online NFT shop A Tale of Two Lawsuits: Two New York Trademark Actions Against NFT Sales Pose Distinct Challenges to the Burgeoning NFT Marketplace
Despite the 'Hermès' and 'Nike' cases' superficial similarity, the two cases raise fundamentally different questions within trademark doctrine.
May 13, 2022 at 11:30 AM
11 minute read
Trademarks
The growth of non-fungible token (NFT) trading into a $17 billion industry in 2021 has given rise to a host of new legal questions. An NFT is a piece of data that, in general, keeps track on a blockchain of who owns another (often digital) asset. As digital assets verified by NFTs reach prices in the tens of millions of dollars, and with their popularity expanding rapidly, much confusion has surrounded the implications for intellectual property rights.
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