U.S. intellectual property authorities have noted that current law is sufficient to address infringement issues related to non-fungible tokens (NFTs) and that there is no need to change existing IP laws.
The U.S. Copyright Office and the U.S. Patent and Trademark Office (USPTO) joint research On NFTs on Tuesday, he concluded that changes to IP laws are not currently needed or recommended, but that a public education plan should be put in place to ensure greater awareness.
“NFT technology is currently changing rapidly, and new legislation specific to NFT issues is likely premature,” the study said.
“NFTs offer creators a unique opportunity to leverage their IP rights, while also presenting new challenges in keeping their work safe,” said Kathi Vidal, Under Secretary of Commerce for Intellectual Property and USPTO Director. name.
In the report, the office noted that while NFT technology is novel, the copyright issues that commonly arise are not.
The report added, “If an NFT contains or links to an unauthorized copy of a copyrighted work, the creation or marketing of that NFT will implicate copyright law, just as unauthorized copying or display.”
Both offices conducted research on NFTs in response to a request from the Senate Committee on Intellectual Property Judiciary Subcommittee in June 2022.
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