Giovanna Fessenden Interviewed on the Lack of Regulation in the Metaverse
May 11, 2022
Regarding gamers creating digital assets in-game, the article states, “Giovanna Fessenden, counsel at Hamilton Brook Smith & Reynolds in Massachusetts, says it’s standard practice for virtual platform owners to try to assert ownership over the digital assets created on their platforms.”
She added that without an express assignment of copyright, “it is possible that under copyright law, at least in the US, the platform may only have a license to the user’s copyrighted content and not true ownership of the NFT designed by the user.”
While it is not always necessary, “[a] written agreement signed by the rights owner is typically required to transfer title under US copyright law, notes Fessenden.”
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