CryptoBudha
    Demo
    What's Hot

    Santiment Analysis Reveals 3 Crypto Market Behaviors to Watch By … – Investing.com

    February 8, 2023

    Green Bitcoin Mining: Can Crypto Go Green? – YouHodler.com

    February 8, 2023

    Beijing regulator warns about NFT speculation, cites illegal fundraising risk – Yahoo Finance

    February 8, 2023
    Facebook Twitter Instagram
    • ABOUT US
    • CONTACT US
    • TERMS OF SERVICES
    Facebook Twitter Instagram
    CryptoBudha
    • Home
    • Cryptocurrency

      With 11,000 NFTs Minted to Bitcoin, Are Bitcoin Maxis Coming Around? – Decrypt

      February 8, 2023

      Crypto Lender SALT Raises $64.4M to Resume Operations – CoinDesk

      February 7, 2023

      ND to receive portion of multimillion-dollar cryptocurrency settlement – KFYR

      February 7, 2023

      EPLO Creates a Future of Listing on Top Cryptocurrency Exchanges – GlobeNewswire

      February 6, 2023

      Bitcoin Falls But Analyst Sees $23K-Level Hang As 'Good News' – Benzinga

      February 6, 2023
    • Blockchain

      Altcoin Daily to Produce and Star in New “Shark Tank of Crypto” TV … – Cryptonews

      February 8, 2023

      Today in Crypto: Lido V2 Upgrade to Bring Withdrawals and Staking … – Cryptonews

      February 7, 2023

      2022 was record year for North Korean crypto theft – Al Jazeera English

      February 7, 2023

      Move to Earn Platform Fight Out to List on XT.com 5th April – Nearly … – Cryptonews

      February 6, 2023

      5 Facts About the Internet Computer (ICP) Blockchain – BSC NEWS

      February 5, 2023
    • ICO

      Celsius Network Was Selling Its Customers’ Crypto to Prop Up CEL Token: Report – 24/7 Wall St.

      February 8, 2023

      Is it Too Late to Buy Terra Luna Classic? Crypto Experts Give Their … – Cryptonews

      February 7, 2023

      Should You Invest in Crypto During an Economic Downturn? – Gadgets Africa

      February 7, 2023

      ICOBID (ICOB) Down 0% Monday: What's Next? – InvestorsObserver

      February 6, 2023

      What can be the new definition of funding through Decentralised Autonomous Initial Coin Offerings – The Financial Express

      February 6, 2023
    • NFT

      Beijing regulator warns about NFT speculation, cites illegal fundraising risk – Yahoo Finance

      February 8, 2023

      Louis Vuitton Gets Kusama-fied – 10K NFTs Celebrating 200 Years … – Investing.com

      February 7, 2023

      File Sharing Service WeTransfer Partners With Blockchain Platform Minima on Mobile NFT Solution – CoinDesk

      February 7, 2023

      Louis Vuitton x Yayoi Kusama To Drop 10,000 NFTs – NFTevening.com

      February 6, 2023

      The potential NFT loan market, accessing liquidity through digital … – CryptoSlate

      February 5, 2023
    • Metaverse

      Four ways to enhance customer experience with the metaverse – Consultancy-me.com

      February 8, 2023

      Meta’s Horizon Worlds has been a dud. Now the company is hoping to open up its metaverse to teenagers – Fortune

      February 7, 2023

      Doritos to Give Away $25,000 in Polygon (MATIC) Metaverse … – Investing.com

      February 6, 2023

      Metaverse: Banking Beyond Borders – Global Finance

      February 6, 2023

      How to protect against crime in the metaverse By Cointelegraph – Investing.com

      February 5, 2023
    • More
      1. Analysis
      2. Regulations
      3. Mining
      4. View All

      Santiment Analysis Reveals 3 Crypto Market Behaviors to Watch By … – Investing.com

      February 8, 2023

      AXIS Token (AXIS): How Risky is It Tuesday? – InvestorsObserver

      February 7, 2023

      What Does a Risk Analysis Say About VouchForMe (IPL) Monday? – InvestorsObserver

      February 7, 2023

      Binance Coin price analysis: Can the bulls break through the … – Cryptopolitan

      February 6, 2023

      Dubai introduces new crypto regulations with fines of up to $135,000 – FinanceFeeds

      February 8, 2023

      Crypto investor thinks DC-reaction to FTX could have been much … – Axios

      February 7, 2023

      FASB to Proposes New Crypto Accounting Standard in March – Regulation Asia

      February 7, 2023

      South Korea releases guidelines for regulating security tokens – Kitco NEWS

      February 6, 2023

      Green Bitcoin Mining: Can Crypto Go Green? – YouHodler.com

      February 8, 2023

      The Web3 community responds to Turkish-Syrian earthquake tragedy – Cointelegraph

      February 7, 2023

      Top cryptocurrency news on February 7: BabyDoge Coin's impressive spike, crypto exchanges unite to aid… – Moneycontrol

      February 7, 2023

      Riot's Bitcoin Mining Still Crimped by December Storm in Texas – Bloomberg

      February 6, 2023
    CryptoBudha
    Home»NFT»Juventus Wins NFT Lawsuit Against Blockeras
    NFTs-Non-fungible-tokens_1_0.jpg
    NFT

    Juventus Wins NFT Lawsuit Against Blockeras

    adminBy adminDecember 7, 2022No Comments5 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Wednesday, December 7, 2022

    Juventus FC (affectionately known as the “old lady”) has won a notable judgment in a trademark infringement lawsuit brought against non-fungible tokens (“NFTs“) Producer Blockeras srl (“Broccellas”). The Rome Court of First Instance ruled on July 20, 2022 that the unauthorized minting, advertising and sale of NFTs is illegal.1 May infringe the trademark rights of the relevant owner.

    Juventus FC has asked the court for a temporary injunction to stop Blockeras from selling NFTs using the Juventus trademark. The mark included the words “Juventus” and “Juve” in his mark, as well as the football club’s famous black and white jersey design.2 Juventus has taken action against Blockeras, accusing it of infringing on the club’s registered trademark, in connection with a Blockeras NFT linked to a trading card featuring former Juventus striker Christian “Bobo” Vieri. filed a lawsuit.

    This lawsuit is an important judgment related to trademark rights and NFTs. This is the first known decision by a European court to determine that NFTs that reproduce third-party trademarks without the rights owner’s permission constitute trademark infringement and may warrant an injunction.

    Opposite of Juventus

    Blockeras is an Italian company founded in 2018 that specializes in blockchain technology. In 2021 Blockeras has produced, minted and sold 68 of his NFT trading cards featuring Christian Vieri. To produce NFT, Blockeras got consent from Vieri and signed him to a commercial deal, but not from Juventus. Considering Blockeras’ trading card featured a black and white Juventus kit and referenced the team’s name, Juventus issued an order to Blockeras to stop manufacturing, marketing and selling his Vieri NFTs. I applied for a temporary injunction.

    A court in Rome ruled that the trademarks Juventus relies on are well-known trademarks and the club is one of the most famous clubs in Europe, having won several Italian league titles and the Champions League title. , and therefore will be widely recognized by consumers. The court also found that Juventus was involved in various merchandising activities (accessories, games, clothing) sold offline and online in Italy and Europe, demonstrating clear use of the mark. I mentioned Regarding potential confusion, the court found that Blockeras’ use of the Juventus mark on the Vieri NFT likely caused consumers to become confused about the commercial origin of his NFT and mistakenly associate it with Juventus FC. did.

    Blockeras’ main objection was that the injunction should not be granted because the trademark in question was not registered for use in “downloadable virtual goods.” The court rejected this argument for the following reasons.

    (i) club marks are widely recognized regardless of designation given that “the club is the most successful in Italian football” and therefore need not be considered for use on digital objects;When

    (ii) Notwithstanding Blockeras’ counter-argument, Juventus will not sell its goods and services to Nice for use in connection with “downloadable digital publications” that the Court has determined are sufficient for use as NFTs. Maintain registration of that trademark in class 9 of the classification.

    The court also highlighted that Juventus has a deal with global fantasy football game platform Solare.3 Therefore, it has already proven effective in the following areas:

    “Online games based on blockchain technology and the use of cryptocurrencies and/or NFTs”.

    The court further noted that Juventus’ extensive merchandising activities extended to the club’s presence on major social networks, indicating that Juventus had used its marks in the digital world. did.

    judgment meaning

    The court’s interpretation of Juventus’ presence in the digital market is fairly broad, but in line with the broader European approach that Class 9 registration of well-known trademarks is not normally required to obtain protection against NFT infringement. Moreover, while many brands are urgently trying to record their marks with a registration designating a digital class of protection, the Rome Court’s ruling emphasizes that this approach is not entirely necessary. In many cases, brands can rely on trademark registrations already widely used in the non-digital space to protect them from NFT infringement.

    The injunction given to Juventus was also extensive. Blockeras was prohibited from engaging in the further production, marketing, or sale of NFTs and digital content related to NFTs. Digital images are commonly associated with NFTs and used as part of marketing for sale. A Roman court ruling banned the use of these images and provided Juventus with a wide range of protections.

    important point

    This landmark ruling is important for brands, as they are likely to face more precedent-setting rulings for trademark infringement stemming from NFTs and other products generated from blockchain technology. , which may be trending in European courts. Key learning points for brands include:

    • You should seek legal counsel before creating an NFT, especially if it is designed with a specific athlete, sport, club, brand, or celebrity in mind. This means that appropriate checks can be made to determine the common uses of the relevant destinations. Blockeras was unable to properly obtain a license to use the previous trademark rights held by Juventus, which prevented it from selling Vieri NFTs (despite Vieri’s consent).

    • Brands should note that existing trademark protection in the non-digital space may be sufficient to grant protection in the digital space, provided the brand can show sufficient examples of the mark’s actual use. need to do it.

    • Courts will only face more NFT trademark infringement lawsuits in the future, and brands should be aware of potential infringement.


    footnote

    1 NFTs are digital tokens generated by blockchain technology. They can be bought and sold using cryptocurrencies and represent proof of ownership of virtual or physical assets. The value of NFT lies in its unique design.

    2 https://euipo.europa.eu/eSearch/#detail/owner/177144

    3 https://sorare.com

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    admin
    • Website

    Related Posts

    Beijing regulator warns about NFT speculation, cites illegal fundraising risk – Yahoo Finance

    February 8, 2023

    Louis Vuitton Gets Kusama-fied – 10K NFTs Celebrating 200 Years … – Investing.com

    February 7, 2023

    File Sharing Service WeTransfer Partners With Blockchain Platform Minima on Mobile NFT Solution – CoinDesk

    February 7, 2023

    Louis Vuitton x Yayoi Kusama To Drop 10,000 NFTs – NFTevening.com

    February 6, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    banner
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    About Us:

    Your source for the serious news. cryptobudha is crafted specifically to exhibit the lest crypto related News. Visit our main page for more News or contact us

    Email : timeaustralian@yahoo.com

    We're social. Connect with us:

    Facebook Twitter Instagram
    Latest Posts

    Fidelity will soon offer bitcoin as an option in 401(k)s

    April 27, 2022

    Celebs Face Legal Issues From NFT Promotion

    September 7, 2022

    The tech behind the Bitcoin Beach Wallet

    April 11, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news about the crypto world .

    Facebook Twitter Instagram Pinterest
    • ABOUT US
    • CONTACT US
    • TERMS OF SERVICES
    © 2023 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.

    Subscribe
    Get the latest creative news about the crypto world.

    We are using cookies to give you the best experience on our website.

    You can find out more about which cookies we are using or switch them off in settings.

    CryptoBudha
    Powered by  GDPR Cookie Compliance
    Privacy Overview

    This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

    Strictly Necessary Cookies

    Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

    If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.