NFTs Qualify For Trademark Protection, Ninth Circuit Rules

The Ninth Circuit Court of Appeals has ruled that NFTs qualify as "goods" under the Lanham Act, entitling them to trademark protection. The decision in Yuga Labs v. Ryder Ripps establishes that brand owners can sue NFT copycats with the same legal tools used against counterfeit sneakers or handbags.

Side effect

[Z00L00K]

NFTs will now be possible to tax. Sales tax/VAT would apply.

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[registrations_suck]

It has always been possible to tax NFTs.

Anything can be taxed. Anything.

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[registrations_suck]

Poll access CAN be taxed. Just make a COTUS amendment to make it say.

Don't confuse possibility with effort.

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[atrimtab]

NFTs will now be possible to tax. Sales tax/VAT would apply.

Except when crypto currencies are used to obtain NFTs via another jurisdiction. After all, NFTs are just data.

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[ShanghaiBill]

NFTs are just data.

MP3s and eBooks are also just data, but I pay sales tax when I buy them.

Are We Still Talking About NFTs?

[ironicsky]

I thought this whole NFT thing dried up and died

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[ironicsky]

It really shows just how useless and slow our government is. Making rulings on something that haven't been relevant for well over a year. You think at some point the courts would have said "look, guys. no one give 2 shits about NFTs anymore. The entire market crashed 93% since COVID. Maybe we stop wasting our time, and just let this thing die"

Re:Are We Still Talking About NFTs?

[registrations_suck]

Slow govt is good govt.

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[ArchieBunker]

Unless it comes to brown shirts then full speed ahead with triple the budget.

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[registrations_suck]

Just one example of why slow govt is good govt.

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[mjwx]

Just one example of why slow govt is good govt.

Not really, as we've seen the slower it is the more chance it has to take and strengthen roots. A despotic reigime that takes over quickly tends to be the easiest to remove. The one that has had years, if not decades to move their people into key positions will take a Herculean effort to dislodge.

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[registrations_suck]

Just one example of why slow govt is good govt.

Not really, as we've seen the slower it is the more chance it has to take and strengthen roots.

Yes. Most people don't want a govt that changes every week, or only takes an hour to decide what the law should be.

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[tlhIngan]

It really shows just how useless and slow our government is. Making rulings on something that haven't been relevant for well over a year. You think at some point the courts would have said "look, guys. no one give 2 shits about NFTs anymore. The entire market crashed 93% since COVID. Maybe we stop wasting our time, and just let this thing die"

Government intentionally moves slowly.

If you want things to go fast, look towards China were complex cases can be tried in a single day.

Though you should've seen what

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[spazmonkey]

I thought this whole NFT thing dried up and died

Not as long as there is money to launder.
Wash Trades are the only reason NFT's ever had any value, and as long as they exist, NFT's will.

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[registrations_suck]

We need AI to bring blockchain to NFTs so some influences can make Tik Tok videos that can be discussed on X.

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[ShanghaiBill]

I thought this whole NFT thing dried up and died

Most NFT transactions were money laundering.

Once law enforcement figured that out, NFTs attracted unwanted attention, so the criminals moved on.

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[magusxxx]

I hope note. I just had the printer make mine into pogs.

Sue them for what?

[upuv]

NFT is anything.

NFT's remind me of smoke. Try and grab smoke. Nothing there. Your just waving your hand in the air hoping that you grab onto something.

So how can a copy cat NFT be sued when the source NFT is just further smoke? NFT's are just pretending to be something.

You copied my nothing, I'm suing. I'm so angry.