EU

“The main benefits of a Unitary Patent will be lower maintenance costs and simpler administration. After the transitional period, translation costs will also be less.”

The countdown to the launch of the EU Unitary Patent has begun, with the new system expected to start before the end of this year.

The worldwide known film director, Quentin Tarantino, has announced his intention to release NFTs, based on his acclaimed film, Pulp Fiction (1994).  In short, NFTs (Non-Fungible Tokens) are defined as new digital assets, powered by Blockchain technology, in which all the transactions are recorded. In other words, NFTs contain data stored in the form of artistic works, that can be traded on the blockchain. More information can be found here: https://ati.ec.europa.eu/news/non-fungible-token. While Tarantino’s fans celebrated this announcement, Miramax studios, which owns the intellectual property rights on the film, sent him a cease-and-desist letter to cancel the sale, to no avail. 

6.8% of EU imports are counterfeits.