Latest USPTO report finds industries that intensively use intellectual property protection account for over 41% of U.S. gross domestic product, employ one-third of total workforce — “The report found a substantial wage premium for workers in IP-intensive industries, with average weekly earnings 60% higher than that received by workers in other industries.”
Copyright Office Issues Final Rules for CASE Act Copyright Claims Board Proceedings — The Copyright Office is in the final stages of fleshing out the details of the copyright small claims tribunal that is set to launch this summer. IPWatchdog reports, “the rules establish procedures for designating service agents for receiving notices of initiated proceedings at the CCB, as well as opt-out procedures for libraries, archives and any claimants who are notified of class action litigation filed in U.S. district court covering their own copyright claim.”
US appeals court sides with Google in Genius lyrics theft case — The Second Circuit rejected Genius’s arguments that contract and unfair competition claims are categorically exempt from federal preemption of copyright law.
Game Developers Go Quiet On NFTs As Trading Volume Plummets — “The backlash has also been accompanied by a wider downturn in the overall NFT market, which you can chalk up to crypto’s recent turmoil in the wake of global instability, or what I would argue is just a general fading away of interest in the concept of NFTs. OpenSea, the world’s largest NFT platform, has seen daily trading volume drop by 80% and the average price of NFTs fall 48% since its peak in November, right before all these game companies launched these project ideas.”