Posted 3/13/2024, 9:00:00 AM
US Study: Current Laws Sufficient for NFTs, But Education Still Needed on IP Rights
- Recent US study concludes current laws adequately address NFTs; no need for new regulations
- Study initiated by Congress to examine if NFTs require changes to intellectual property laws
- NFT trading volumes reviving after period of decline, signaling potential rebound in market
- Legal victories like Yuga Labs copyright case set precedent for enforcing rights for digital assets
- Education initiatives crucial for demystifying NFTs' IP implications among creators and consumers
