The prevalence of NFTs (Non-fungible tokens) is increasing; still, people are unaware of their importance. Protecting the name of your NFTs is as essential as growing your brand. We use “trademark” to protect our businesses and brands. Likewise, we can also protect our NFTs using trademarks. Read more about NFTs and how to safeguard them by trademarking their names.
What is an NFT?
An NFT is a digital asset that can be of any form, such as an image, video, music, or digital representation of physical goods such as clothes, shoes, etc. The NFTs are unique because they are stored and recorded using blockchain technology. Creating NFTs, otherwise known as “minting,” helps businesses extend their presence to the world of the metaverse. If you are a brand creating NFTs for your products and goods, you should be aware of the infringements in the metaverse. To protect your brand and stand unique in the digital world, you should trademark the names of your NFTs.
How do trademarks protect NFTs?
We all know that infringements and unauthorized usage of a brand’s name have happened worldwide. The same can happen in the metaverse too. To extend your business in the digital world, your brand’s identity should be protected, and no one else should produce an NFT similar to yours. To prevent this, you can trademark the names of NFTs and protect them from illegal usage. By trademarking your NFTs, their names and designs are legally protected, keeping them unique in the metaverse.
Other IPs and NFTs
In today’s world, Intellectual property protections such as trademarks, patents, and copyrights help us protect our IPs from unauthorized usage by others. Similarly, they also protect your NFTs in the digital metaverse. Trademarks, copyrights, and patents are also applicable for protecting NFTs in the metaverse. Copyrighted NFTs preserve the owner’s rights; no one else can modify or use them without permission. NFT transactions refer to the selling and buying of metadata of the products that come under the NFT and not the actual ownership. The ownership of an NFT can be transacted only when the creator or owner agrees to transfer the copyright to the buyer. Likewise, patenting the NFTs can protect them from infringements and help your business assets stand unique.
To Sum Up
There are various benefits of tokenizing your assets and minting NFTs for your business. Apart from extending your business, NFTs play a major role in increasing sales, growing your customer base, earning royalties, and more. Trademarking your NFTs helps you stand unique and keep your business succeeding for a prolonged period.
Contact Brealant and manage all your legal property protection!
Brealant helps you manage all kinds of IP protection, assist you in the registration processes, and makes you aware of the regulations and policies. Contact us now to keep your properties protected with legal property protections.
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