INTA publishes white papers on NFTs and the metaverse

The leading industry group publishes reports to help brand practitioners stay up to speed in a fast-paced technology environment.

The International Trademark Association (INTA) has published two white papers on metaverse and non-fungible trademarks (NFTs), calling for the integration of trademark standardization in these digital ecosystems by standing.

As a number of national registration authorities report an increase in the number of trademark applications containing virtual reality terms, the white paper Trademarks in the Metaverse and Non-Fungible Tokens is timely.

They include detailed advice to help professionals stay up to speed in these rapidly changing times. The metaverse white paper notes that the USPTO and EUIPO’s approach to creating Tables 9, 35, 41, and 42 should be considered as the best class to protect virtual goods/services in the when creating file plans.

However, some stakeholders see the creation of a new Nice Class 46 for digital products and services, while others argue that virtual goods should be registered under the same classes as their counterparts. negative virtual and physical. The report says: ‘These possible solutions, and others, should be studied by the INTA committees to identify and establish the appropriate way in which INTA can advocate on behalf of the owners of the name.’

The NFT report also recommends that INTA develop model laws that countries can agree to modify or amend their frameworks to facilitate the trading of securities through NFTs.

It continues to cooperate with the World Intellectual Property Office (WIPO), an international domain name dispute resolution policy, such as the URS, used for domain name disputes, must be approved for ecosystems. emerging digital of NFTs and the metaverse.

INTA CEO Etienne Sanz de Acedo said: “As a thought leader in the global IP community, INTA needs to develop resources like these white papers. We are in a unique position to understand, communicate, and led to a conversation about issues that went beyond what the legal world talked about.”

Both reports call for guidance for courts and tribunals with an emphasis on their ability to achieve flexibility when making decisions on implementing the metaverse.

They focus on the development of educational tools related to the ownership, licensing and distribution of tokens across the physical and metaverse platforms and recognizing that NFTs and other values ​​in legal studies. fair use, artistic freedom, and first-rate pricing, and calls for new legal systems to be developed to protect these fast-paced platforms and new digital ecosystems .

The two papers were co-authored by more than 13 INTA committees and the industry group says it is one of the first to examine these new technologies.

Earlier in April, the UK Intellectual Property Office (UK IPO) updated its guidance on commercial applications related to NFTs, virtual assets and the metaverse.

This comes as new research shows that the number of applications has increased five-fold in recent years, with around 2.5% of UK IPO applications now including an actual bond term.

Oliver Morris, UK IPO’s Head of Trademarks and Strategy, Legal and Practice, said: “The process of applying for a trademark is as simple, convenient and practical as possible. To help make it easier for domain applicants who want to make an application targeting these terms, we’ve updated our published guide to help consumers. to choose the right words and categorize their application to register a trademark.

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