Disney reportedly lays off its metaverse team, and the U.K. Treasury cancels its NFT plans, but on the bright side, NFTs for tickets are having a moment.
Olta Andoni, general counsel at financial firm Enclave Markets, said artist Mason Rothschild was looking to “piggyback” off the French luxury brand’s reputation. But even artists who are creating digital art aren't free of consumer protection laws.
After several days of deliberation the nine person jury in the copyright infringement trial between Hèrmes and non fungible token NFT artist Mason Rothschild ruled Wednesday in favor of the French luxury brand The jury also decided the NF Ts were not protected under the First Amendment of the U S Constitution as Rothschild's lawyers [...]
A Manhattan federal jury concluded that non-fungible token (NFT) artist Mason Rothschild's "Metabirkin" NFT collection violated Hermès' trademark rights. "Just because you are creating digital art doesn't mean no consumer protections are applicable," Enclave Markets General Counsel and Chief Compliance Officer Olta Andoni said.
Nike has filed a lawsuit against online sneaker reseller Stock X for selling unauthorized images of its shoes in the form of non fungible tokens NF Ts Separately Hermès filed against Mason Rothschild after it created NF Ts of the luxury designer’s famous Birkin handbags called Meta Birkins The Hash squad discusses the intellectual property [...]