What are NFTs? Explaining the NFT and Blockchain Explosion

NFT stands for non-fungible token, which means that it is unique and cannot be replaced with something else. Currently, there’s an explosion of buyers and sellers in the NFT marketplace, but most people don’t understand what it is. What is an Example of a Non-Fungible Token (NFT)? Bitcoin, which also uses blockchain technology, is fungible,

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Authors’ Heirs Sue Paramount, Challenge ‘Top Gun’ Copyright

The original story that started the blockbuster ‘Top Gun’ franchise came from a 1983 article in California magazine. The author’s heirs are suing Paramount Pictures for copyright infringement. They claim that the studio is pulling in tremendous profits from their “Top Gun: Maverick” sequel, even though the copyright to the story has expired. Ehud Yonay,

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Nike Files Suit Against Michigan Sellers for Fake Sneakers, NFTs

Nike is stepping up its legal fight with StockX, an online streetwear and sneaker resale marketplace. Earlier this month, Nike alleged that the Michigan-based reseller sold counterfeit sneakers. Back in February, the company filed another lawsuit, claiming that StockX is engaging in trademark infringement by using Nike’s trademark to sell digital versions (non-fungible tokens or

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Nike Sues Counterfeit Retailers, Blames eBay and Amazon

On Monday, Nike filed a lawsuit against counterfeit sneaker sellers and the e-commerce stores where they hawk their wares. The sneaker company says that online marketplaces like eBay and Amazon aren’t doing enough to address the influx of counterfeit products on their platforms. In the complaint, filed in the U.S. district court of northern Illinois,

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Universal Music and Twitch Reach Streaming Peace Accord

Variety reports that Amazon and Universal Music Group (UMG) have revised their agreements and will now let Amazon Music users stream more of the label’s songs, while reducing punishments for those who use unauthorized UMG music on the video gaming live-streaming platform Twitch. Twitch has had a long-standing fight with the music industry. UMG and

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Queer Eye Designer Sues Lego for Copyright Infringement

A toy figurine is causing some legal trouble for Danish toy maker Lego. The company released their “Queer Eye” collectible toy set last year, which depicts the Atlanta loft that was featured in Netflix’s hit TV show. However, in doing so, they have run afoul of James Concannon, a fashion designer who frequently designs clothes

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Krafton Sues Google, Apple, Garena for Game Infringement

In a lawsuit filed by Kraften, makers of PlayUnknown’s Battlegrounds and top-selling mobile game PUBG Mobile, it is alleged that Garena Onlines Free Fire games “cloned” various aspects of Krafton’s game releases. According to the complaint, this includes the opening sequence, game structure, locations, how weapons are selected, types of objects and armament, color schemes,

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Anime and Manga Piracy Now Worth Billions, Hurts Artists

The popularity of Japanese anime and manga, a particular style of Japanese comic books, has attracted the attention of pirates. Anime and manga piracy has flourished since the pandemic, which costs the growing industry billions of dollars. In 2020, manga sales were slated to reach 612.6 billion yen, which is approximately U.S. $4.6 billion. This

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