NFT Battle: Royale With Cheese = Quarter Pounder With Cheese?
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A dispute between Quintin Tarantino and movie studio Miramax is
becoming more public as an auction to sell script pages and other
collectibles from “Pulp Fiction” as NFTs approaches. The
NFT auction is scheduled for January 17.
As more creators and artists leverage NFTs as a monetization
stream, the intellectual property rights as to who owns what using
this new technology will only continue to be litigated. The
litigation will hopefully clarify whether grants of intellectual
property rights in previous contracts can encompass new NFT
technology and assets.
While these intellectual property rights will continue to be
litigated, those in the NFT space will need to be cognizant of how
to structure their agreements and assignment of intellectual
property rights to encompass current uses of NFTs. Also, although
there is no way to predict the future, it would be worth the time
to gaze into a crystal ball and think of ways to anticipate the
future use of NFTs to include appropriate intellectual property
protections into any agreements.
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