• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Saturday, September 20, 2025
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

What are some ways to avoid IP infringements in the NFT space?

30 April 2023
in NFT
Reading Time: 3 mins read
A A
0
What are some ways to avoid IP infringements in the NFT space?
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT

Related articles

SEC became a defendant in the NFT classification lawsuit

SEC became a defendant in the NFT classification lawsuit

30 July 2024
DraftKings Dumps NFT Business, Citing Legal Developments

DraftKings Dumps NFT Business, Citing Legal Developments

30 July 2024

While nonfungible tokens (NFTs) have been gaining traction since the start of the year, the hype element is now fading away. More digital artists and creators worldwide are using NFTs to monetize their work with minimal investment, transforming the digital art space. Nevertheless, the blurred lines between artistic expression, plagiarism and trademark infringement have caused legal challenges, as regulations around cryptocurrencies and digital collectibles aren’t cast in stone yet.

For example, the Hermes vs. Rothschild lawsuit addressed critical questions about trademark infringement and NFTs. In this case, the popular French luxury design house Hermes sued 28-year-old creator Mason Rothschild over his MetaBirkins collection, which included 100 NFTs featuring digital, fur-covered bags resembling Hermes’ iconic Birkin range. On Feb. 8, 2023, a nine-member jury reached a verdict in Hermes’ favor. The court found Rothschild liable for trademark infringement, trademark dilution and “cybersquatting,” awarding the company $133,000 in damages. 

This legal battle underscored the importance of digital artists and big brands drawing clear lines between their work and trademarks to prevent a negative impact on both parties — at least until regulations are clarified. For users, explicit rules are of great importance, as they can prevent them from investing in scams and forgeries.

NFT analytics firm detects another case of IP infringement

In a potentially similar instance of IP infringement, NFT analytics firm bitsCrunch discovered that the popular NFT collection Coodles appears to incorporate the McDonald’s logo within an attribute labeled “McCoodles.” This particular attribute showcases the McDonald’s logo on hoodies in the collection. Out of 8,884 NFTs in the series, 434 of them feature the McDonald’s logo as an attribute.

Source: OpenSea 

At the time of writing, these 434 NFTs have generated over $500,000 in total volume, and 398 different owners have these McDonald’s-themed NFTs. The collection has garnered 3,373 Ether (ETH) in overall volume, with a floor price of 0.0059 ETH since its inception.

According to OpenSea’s description of the project, Coodles is a “community rewarding collectibles project of 8,888 randomly generated NFTs on Ethereum.”

In the recent Hermes vs. Rothschild case, the court stated that artists, critics and commentators’ rights do not extend to the point where they cause confusion among consumers regarding the origin of the content. So far, there is no public information about any collaboration or agreement between McDonald’s and Coodles.

As per Kantar, McDonald’s is the sixth most valuable global brand and the fifth one in the United States. The brand’s value surged 27% in 2022 to almost $200 billion.

The case is relevant to McDonald’s, as the company has been actively expanding into the Metaverse, filing multiple trademark applications to establish virtual restaurants last year.

As established by the Hermes IP infringement case, featuring a brand’s logo in an unrelated NFT collection could potentially mislead consumers and damage the brand’s reputation. Moreover, NFT purchasers receive limited rights, increasing the risk of unintentional copyright infringement.

Anyone can detect IP infringement in NFTs

In the Hermes vs. Rothschild case, NFT marketplaces OpenSea, Rarible and Zora agreed to delist the MetaBirkins collection. This means that the owners of these NFTs have limited exposure to secondary markets to sell their assets. To avoid similar situations, investors should monitor NFTs and check for any IP infringement before making a purchase.

BitsCrunch has been developing APIs that assist brands in determining if their logos have been utilized in NFT collections, thus helping them safeguard their intellectual property rights. Thanks to its NFT Forgery Detection API, the blockchain analytics firm identified the connection between the Coodles collection and the McDonald’s logo. 

Source: bitsCrunch 

Besides brands, this API allows anyone to track whether an NFT collection incorporates a brand name and, as a result, could be liable for IP infringement.

The AI-driven API can detect partially or completely counterfeit NFTs, fabricated logos and brand identities of well-known brands, as well as new or existing NFTs, to protect users from investing in potential scams and forgeries.

Guardians of the NFT ecosystem

In the blockchain space, NFTs have had the most widespread adoption in comparison to cryptocurrencies, which have had more than 10 years to get to where they are today. Like all innovations, this adoption brings both good and bad, like when online sellers market famous brand names and products in the Metaverse as virtual goods or NFTs without permission. With this new virtual marketplace comes new questions for brands: How do real-world intellectual property rights apply to products in the Metaverse? How can brands protect their intellectual property?

Although bitsCrunch can’t fully respond to these questions and completely prevent all shady projects, the team can fight them and do its best to help brands remove these counterfeit NFTs from the NFT marketplaces and enforce their rights.

Going forward, bitsCrunch plans to strengthen cooperation with governments and financial institutions in the fight against crypto fraud and wash trading, and actively support a wide range of users — from novices to professionals — in the NFT and blockchain space, detecting and eliminating fraudulent activity across the NFT ecosystem.

Credit: Source link

Cryptohopper
ADVERTISEMENT
[crypto-donation-box]
Tags: AvoidinfringementsNFTSpaceWays
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Shiba Inu Coin Burn Rate Plummets; Is SHIB Allure Fading Away?

Next Post

Big Eyes Coin Raises $34.47 Million; Presale Ends On June 3rd!

Related Posts

SEC became a defendant in the NFT classification lawsuit

SEC became a defendant in the NFT classification lawsuit

30 July 2024
0

Law professor and filmmaker Brian Frye and songwriter Jonathon Mann have filed a lawsuit against the U.S. Securities and Exchange...

DraftKings Dumps NFT Business, Citing Legal Developments

DraftKings Dumps NFT Business, Citing Legal Developments

30 July 2024
0

Sports gambling company Draftkings is shutting down its non-fungible token (NFT) business "effective immediately," the company said in an email...

Empire Newsletter: Why the Song-a-Day man is suing the SEC

Empire Newsletter: Why the Song-a-Day man is suing the SEC

30 July 2024
0

Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Empire newsletter....

Two artists sue the SEC for regulation on NFTs

Two artists sue the SEC for regulation on NFTs

30 July 2024
0

Still confusion in the field of regulation in the USA: two artists have sued the SEC, drawing a comparison between...

BlockDAG Soars Over Solana Bullish Surge, Polkadot Price

BlockDAG Soars Over Solana Bullish Surge, Polkadot Price

29 July 2024
0

The crypto market opens with optimistic trends of Solana’s bullish surge and Polkadot price increase. As investors focus on Solana’s...

Load More
Next Post
Big Eyes Coin Raises .47 Million; Presale Ends On June 3rd!

Big Eyes Coin Raises $34.47 Million; Presale Ends On June 3rd!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
LINK Price Eyes Major 125% Breakout Before Year Ends?

LINK Price Eyes Major 125% Breakout Before Year Ends?

20 September 2025
Solana Co-Founder Speaks on Quantum Computers, Warns Bitcoin Developers – Coinspeaker

Solana Co-Founder Speaks on Quantum Computers, Warns Bitcoin Developers – Coinspeaker

20 September 2025
Can PUMP Token Price Recover After Smart Whales Lock In Profits?

Can PUMP Token Price Recover After Smart Whales Lock In Profits?

20 September 2025
Cardano News, Solana Price Prediction & Top Altcoin Opportunities Before January – Outlook India

Cardano News, Solana Price Prediction & Top Altcoin Opportunities Before January – Outlook India

20 September 2025

About Us

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • LINK Price Eyes Major 125% Breakout Before Year Ends?
  • Solana Co-Founder Speaks on Quantum Computers, Warns Bitcoin Developers – Coinspeaker
  • Can PUMP Token Price Recover After Smart Whales Lock In Profits?
  • Cardano News, Solana Price Prediction & Top Altcoin Opportunities Before January – Outlook India
  • Solana ETF News; Cardano Price Prediction & Which Altcoin Website Is Getting The Most Traffic In Q3? – nerdbot

Subscribe Now

Our Partner

Round Main Logo
  • About Us
  • Privacy Policy
  • Contact Us

© 2022-2025 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin (BTC) $ 115,920.00
  • ethereumEthereum (ETH) $ 4,484.82
  • xrpXRP (XRP) $ 2.99
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 1,025.97
  • solanaSolana (SOL) $ 239.96
  • usd-coinUSDC (USDC) $ 0.999702
  • dogecoinDogecoin (DOGE) $ 0.267580
  • staked-etherLido Staked Ether (STETH) $ 4,479.74
  • tronTRON (TRX) $ 0.347535
  • cardanoCardano (ADA) $ 0.894409
  • wrapped-stethWrapped stETH (WSTETH) $ 5,438.14
  • chainlinkChainlink (LINK) $ 23.38
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,835.86
  • hyperliquidHyperliquid (HYPE) $ 55.26
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 116,051.00
  • avalanche-2Avalanche (AVAX) $ 33.50
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • suiSui (SUI) $ 3.67
  • figure-helocFigure Heloc (FIGR_HELOC) $ 0.997446
  • stellarStellar (XLM) $ 0.388824
  • bitcoin-cashBitcoin Cash (BCH) $ 602.80
  • wrapped-eethWrapped eETH (WEETH) $ 4,823.97
  • wethWETH (WETH) $ 4,483.44
  • hedera-hashgraphHedera (HBAR) $ 0.243640
  • leo-tokenLEO Token (LEO) $ 9.52
  • litecoinLitecoin (LTC) $ 114.39
  • usdsUSDS (USDS) $ 1.00
  • crypto-com-chainCronos (CRO) $ 0.232592
  • the-open-networkToncoin (TON) $ 3.10
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 116,007.00
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • polkadotPolkadot (DOT) $ 4.40
  • whitebitWhiteBIT Coin (WBT) $ 43.42
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.222633
  • mantleMantle (MNT) $ 1.71
  • uniswapUniswap (UNI) $ 9.22
  • moneroMonero (XMR) $ 296.57
  • ethenaEthena (ENA) $ 0.672369
  • daiDai (DAI) $ 1.00
  • aaveAave (AAVE) $ 298.38
  • pepePepe (PEPE) $ 0.000011
  • memecoreMemeCore (M) $ 2.61
  • okbOKB (OKB) $ 194.11
  • nearNEAR Protocol (NEAR) $ 3.19
  • bitget-tokenBitget Token (BGB) $ 5.28
  • jito-staked-solJito Staked SOL (JITOSOL) $ 295.49
  • story-2Story (IP) $ 10.92