Archive: August 25, 2022

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The New Digital Frontiers: How IP is Adapting to Virtual Worlds, from NFTs to Virtual Products

The New Digital Frontiers: How IP is Adapting to Virtual Worlds, from NFTs to Virtual Products

Virtual products, the metaverse, and non-fungible tokens (NFTs) have recently been expanding and receiving considerable attention from investors, the general public; as well as the art world. Within the span of a year, NFT-backed virtual works of art have been reaching new height, from Beeple, Everydays: The First 5000 Days (March 2021 – US$69.3 million) to The Merge (December 2021 – US$91.8 million). Today, the most valuable living artist in history is a virtual work of art author (Pak, author of The Merge).

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