The IRS Is Seeking Public Comment On Whether They Should Tax NFTs Like Works Of Art

Yesterday, the IRS declared that it is soliciting reviews on how to take care of nonfungible tokens (NFTs) for tax reasons. Far more specially, it is considering no matter if…

NFTs ruling shows courts ahead of legislators on question of crypto property law

By accepting the argument that constructive trusts can be formed through the holding of digital assets, the High Court appears to continue to approach the issue of property rights…

NFTs and Intellectual Property Law

NFTs have been in enhancement in blockchain technologies as early as 2014. However, they have only not long ago shot up in reputation in the industry of digitally held belongings.…

USPTO and US Copyright Office To Conduct a Joint Study on Intellectual Property Law and Policy Issues Related to NFTs | Skadden, Arps, Slate, Meagher & Flom LLP

On November 23, 2022, the U.S. Patent and Trademark Workplace (USPTO) and the U.S. Copyright Business office issued a Federal Register See (Notice) asserting the offices’ joint research of intellectual…

Chinese Court Applies Property Law to NFTs

Though China is seemingly encouraging the possession of NFTs, NFT selling prices have been down in the wake of a wider current market rout. A Chinese court docket in Hangzhou…

A Law Professor Explains Why NFTs Don’t Protect Digital Ownership

In 2021, an expenditure agency bought 2,000 acres of serious estate for about $4 million. Typically, this would not make headlines, but in this situation the land was virtual. It…