Home Business Nonfungible tokens: A brand new paradigm for mental property belongings? By Cointelegraph

Nonfungible tokens: A brand new paradigm for mental property belongings? By Cointelegraph

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Nonfungible tokens: A brand new paradigm for mental property belongings?

Nonfungible tokens, or NFTs, are digital data of the possession of belongings. The asset varieties mostly related to NFTs are digital belongings, corresponding to paintings like memes, GIFs, or gaming characters or properties. Belongings represented by NFTs, nonetheless, could also be digital, bodily, tangible or intangible. Examples of asset varieties which have been transferred or which have had their possession recorded using NFTs embody sports activities memorabilia, copyrights in music, paintings and actual property. Mental property belongings and, particularly, the possession and switch of possession of patents might also be recorded and transferred as NFTs.

Associated: Nonfungible tokens from a authorized perspective

Greg Gerstenzang is a accomplice at Boston mental property regulation agency Lando & Anastasi LLP. Greg works with purchasers of all sizes to leverage their mental belongings by means of strategic patent portfolio growth and administration primarily within the chemical and materials sciences, pc know-how and software program, client merchandise, electronics, and mechanical and industrial engineering industries. He prosecutes patent purposes domestically and overseas in a variety of applied sciences from water therapy to stable state physics. Greg’s mental property regulation follow focuses on patents, post-grant assessment course of and strategic counseling. Greg is an lively member of the MIT Membership of Boston, the Cornell Membership of Boston, the Boston Bar Affiliation and the Boston Patent Legislation Affiliation.