a lawsuit against a virtual sneaker company selling Nike-styled shoes as non-fungible tokens . It’s a prime example of how the lines between physical and virtual IP rights can blur.
The metaverse thrives on digital assets, including personalized avatars, virtual goods, real estate, experiences and services. These assets hold tremendous value in the digital world, aswith Beeple’s Human One and Everydays: The First 5000 Days, which combined, sold for nearly $170 million. Creators and users can own, trade and monetize these digital assets.
Join the community where you can transform the future. Cointelegraph Innovation Circle brings blockchain technology leaders together to connect, collaborate and publish.The collaborative nature of the metaverse can fuel a remix culture where users build off others’ work to create unique experiences. However, this also introduces the potential for infringing upon intellectual property rights.
Secondly, familiarize yourself with the community guidelines, terms of services and IP procedures of various platforms. They differ greatly, from Facebook’s Horizon to Roblox, Decentraland and Cryptovoxels. Staying compliant with these policies not only helps avoid friction but sets a precedent for ethical behavior within the space.
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