No New IP Laws Needed for NFTs, Copyright and Patent Report Says

It’s not currently necessary to change intellectual property law to address concerns about non-fungible tokens, according to a joint report published Tuesday by the US Patent and Trademark Office and the Copyright Office.

The offices’ report examined the IP challenges raised by NFTs and recommended how to apply current laws to the tokens. Existing enforcement mechanisms are sufficient to address infringement concerns, and consumer confusion over what rights are included with the purchase of an NFT are better addressed through educational or consumer protection measures, the report said.

“While many stakeholders raised concerns about copyright and trademark infringement associated with …