In a significant step towards modernizing the European Union (EU) design protection system, the Council and the European Parliament reached a provisional agreement on December 5, 2023, to modernize Council Regulation (EC) No 6/2002 of 12 December 2001 on Community designs and Directive 98/71/EC on the European Parliament and of the Council of 13 October 1998 on the legal protection of designs (“EU Design Protection System”). The EU Design Protection System has been in force…
NFTs (Non-fungible Tokens) continue to grow in popularity, but the inherent misalignments in speed between legislation and innovation present a major challenge. NFT project developers, companies interested in using NFTs as an entry point into the web3 world and other stakeholders face legal challenges regarding regulatory matters, aligning these projects with more traditional legal requirements (such as eCommerce related consumer laws) and potential IP (Intellectual Property) breaches. Although there are few legal precedents for NFTs,…
According to Super Data, video games generated $119.6 billion in revenue during 2018, another sources forecast that by 2025 industry would be over $300 billion in revenue. This fact and that there are over 2.5 billion gamers around the world let you know how big and fast growing this industry is. Video games are more than just a booming entertainment business; they are reshaping the way we interact with the world. The gaming industry inspires…