Meta To Pay Almost $175 Million Fine Over ‘Live’ Feature & more…Keep up with what has been happening this week in our latest IP news round-up…

Infringement of South Korean Trademarks Increasing in China

Democratic Party of Korea lawmaker Park Young-soon said that a total of 2,922 trademark infringements occurred in China in 2021. “The number was 977 in 2017 and rose to 1,666 in 2018 and 3,457 in 2020,” he said, adding, “It was 1,486 in 2019 and 1,436 in the first half of this year.”

Meta To Pay Almost $175 Million Fine Over ‘Live’ Feature

A US jury on Wednesday ordered Meta to pay $174.5 million for violating live-streaming patents developed by a US Army veteran seeking to fix shortcomings in battlefield communications.

REV Media Group Expands Its Chinese Network By Acquiring Tantannews IP

REV Media Group (RMG) announces acquisition of intellectual property (IP) assets of popular Chinese social news portal Tantannews on the 21 September. A subsidiary of Media Prima Berhad, Malaysia’s leading and largest media group, RMG is Malaysia’s number one digital publisher.

Intellectual property has an awkward fit in Web3 decentralization

IP rights will continue to be an area of conflict within Web3 and NFTs, but there’s no easy solution, lawyers told Cointelegraph. Intellectual property (IP) rights will continue to be a growing area of tension within Web3 and nonfungible tokens (NFTs), as IP rights often rely on a single “identifiable entity,” while Web3 is more often decentralized.


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