REGULATION RESPONDING TO INNOVATION: ADDRESSING THE POTENTIAL THREATS TO NFT AND METAVERSE INTELLECTUAL PROPERTY

Abstract

In recent years, technological advancements have brought forth significant innovations in various sectors, including the realm of intellectual property. Notable among these innovations are Non-Fungible Tokens (NFTs) and the virtual universe (Metaverse). While these innovations offer new opportunities for intellectual property creators, they also pose potential threats to the ownership of intellectual assets. This article presents a normative legal research, descriptive in nature and based on primary and secondary literature. The gathered data is analyzed using a qualitative method, incorporating statute and conceptual approaches, as well as comparative analysis. The study aims to analyze how regulations can respond to these innovations, highlighting potential threats related to intellectual property infringement, identity theft, privacy, and money laundering. It also explores legal protection efforts for intellectual assets found in NFTs and Metaverse in line with existing regulations, community guidelines, and collaboration with various stakeholders.