Seriously, what is the Metaverse? Should you care?

The metaverse is a virtual space where people can interact with each by shopping, gaming, collaborating and exploring – without leaving the comfort of their couch. Sound dorky? We explain. The metaverse is a term that has been thrown about over the last year – since Zuck stood in an eerie replica of the real … Read more

Bipartisan Senate Bill on Crypto / Digital Assets Introduced

On June 7, 2022, US Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced a bipartisan bill to regulate the cryptocurrency / digital assets market. A copy of the Lummis-Gillibrand Responsible Financial Innovation Act Bill (“Lummis-Gillibrand” or “Bill” can be found here. While the Lummis-Gillibrand Bill will no doubt undergo substantial amendments before – and … Read more

Innovation & Regulation: FCA’s Data Strategy

The FCA has published a speech made by its chief data, information and intelligence officer, Jessica Rusu, at Money20 / 20 focusing on the role of innovation in regulation, technology and the ‘Digital Revolution’ and the FCA’s strategies to meet its statutory objectives ( to protect UK consumers, ensure markets are operating effectively, and promote … Read more

PBRS in the emerging world of blockchain, metaverse and NFTs

NFTs, blockchain and metaverse are the flavors of the moment. But what are they? Do they have an impact on the real world? And above all, are they bound to have an impact on any sort of IP rights, including PBRs? Good questions, indeed. Quite complicated to answer such good questions with good answers. Before … Read more

NFT and virtual objects like “Metabirkin”: a challenge for rightsholders

By reproducing and offering for sale on the Opensea platform the iconic Hermès Birkin purse in the form of an NFT titled “Metabirkins”, the American artist Mason Rothschild defies, once again, major key principles of intellectual property law. This is not the first time the artist has reproduced this purse in the form of an … Read more

SEC Investigating Lack of Insider Trading Policies for NFT / Crypto Exchanges

For quite some time, we have been advising that marketplaces and NFT / crypto issuers consider developing an insider trading policy. The SEC is now investigating this issue. If you do not have a policy this is a good time to do so. The issue of NFT-based insider trading became more well known when a … Read more

Scandinavian music streaming success is losing out to NFT sales

For the last 15 years, the music industry in Scandinavia has set the pace for music sales in the digital era. Following years of struggle during the 1990s while facing the growing threat of online piracy, the industry found its silver lining in the form of revenues from music streaming, largely propelled by digital service … Read more

Disputes in the Metaverse: Moving from BIM to meta-models in the construction industry

What is BIM? Building Information Modeling or BIM is a process for creating and managing information on a construction project throughout its entire life cycle. With the use of BIM software, the designer, engineer and contractor can upload progress updates in real time and render a 3D model of the project – making it possible … Read more

CFPB Announces Opening of New Office of Competition and Innovation

On May 24, CFPB announced the opening of the Office of Competition and Innovation, as part of its new approach to increase competition amongst consumer financial service companies by identifying barriers to entry for new market participants and making it easier for consumers to switch financial providers. The new office will replace the Office of … Read more

Is the metaverse above the law?

Did you know? The term “metaverse” has been around for nearly 30 years. Although it was brought back into the spotlight by the re-branding of Facebook into Meta in 2021, it was actually coined by Neil Stephenson in his cyberpunk novel “Snow Crash”, published in 1992. The metaverse is a virtual space that facilitates online … Read more