NFT

Sports apparel company Adidas has officially launched Originals: Into the Metaverse, a non-fungible token (NFT) collection in partnership with NFT collections Bored Ape Yacht Club, PUNKS Comic, and crypto influencer gmoney. A total of almost 30,000 NFTs will go on sale at a fixed price, with 20,000 available for early access sales to owners of the partner collections. 

In the past couple of years, IP Helpline received a notable number of questions on the topic of copyright protection applied to artworks, old and new. Enquirers asked for example:

Musicians are ready for change as the current music streaming paradigm means that labels and streaming platforms capture 75-95 percent of revenue paid for listening to streamed music. In 2022, new blockchain-based technology will help them grab back their fair share of industry revenues.

The abbreviation of ‘non-fungible token’ tops a shortlist also including pingdemic, climate anxiety and metaverse

In a year that has seen the musician Grimes sell a collection of digital artworks for almost $6m (£4.4m), and the original photo behind the 2005 Disaster Girl meme go for $473,000 (£354,000), Collins Dictionary has made NFT its word of the year.