The U.S. Patent and Trademark Office and Copyright Office jointly concluded that existing IP laws cover emerging technologies such as NFTs.
Changing United States intellectual property (IP) laws aren’t needed right now, even though piracy and IP infringement are common on nonfungible token (NFT) marketplaces, claims a U.S. government report.
On March 12, the U.S. Copyright Office and Patent and Trademark Office (USPTO) concluded a joint study focusing on IP law and policy implications regarding NFTs.
It noted that NFT technology cannot prevent unauthorized copying and claimed “trademark infringement and misuse is prevalent on NFT marketplaces.”
