Lack of New Laws Fails to Prevent Rampant IP Infringement in NFTs, US Gov Report Reveals

Washington, D.C. – In a recent report, the U.S. government stated that intellectual property (IP) infringement is widespread in the booming market of non-fungible tokens (NFTs). However, contrary to popular belief, the report suggests that new laws may not be necessary to address this issue. NFTs have gained significant attention in the art and digital asset industry, with high-profile sales grabbing headlines. However, concerns have been raised about the potential for IP infringement within this market. A comprehensive examination conducted by the U.S. government explored the prevalence of such infringements and the potential need for … Read more