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There are many opportunities in the world of NFTs (in the fungible token, the acronym in English), but it is necessary to study this market before venturing into it, warned the CEO of NFTrend, Victor Armellini, in a webinar on April 27, about “ Entrepreneurship, IP and NFTs”. The debate, in celebration of the World Intellectual Property Day held by ABPI in partnership with WIPO, had as a mediator the lawyer Tais Capito, member of the Board of Directors of the ABPI.
When approaching the topic of NFTs – a digital asset that represents objects from the real world, such as art, music, game items and videos, which are traded online, often in digital currencies – Armellini showed the performance of NFTrend, a company specialized in creating and commercialization of this digital asset. “We created a system that simplifies the transaction with NFTs, thus creating the first Brazilian marketplace for NFTs”, he said. However, he added, care must be taken before entering this market, as, as it is not yet regulated, there are many frauds and counterfeits.
Many of these risks were addressed in the intervention made by Tais Capito in his presentation on “Law and NFT: a multitude of challenges and opportunities”. She also pointed out the many risks of this market. According to research on OpenSea, the American market for non-fungible tokens), 80% of these digital assets are fraud or plagiarism.
The series of events to commemorate World IP Day was supported by INPI – National Institute of Industrial Property, and by GIPI – Interministerial Intellectual Property Group, of the Ministry of Economy.
Missed the event? You can watch it at any time on the ABPI Youtube Channel.