DivinaLaw Senior Partner Enrique V. Dela Cruz, Jr. shared the legal implications of non-fungible tokens (NFTs) and cryptocurrency during the fourth advanced session of Tech Trends organized by the Department of Information and Communications Technology (DICT). Atty. Dela Cruz was joined by fellow speaker Ms. Myrtle Ramos, founder and CEO of Blocktides.
Tech Trends is a self-development program for Filipinos which aims to offer informative discussions through a series of webinars on emerging technologies and enable more opportunities for the key players in the ICT industry.
Speaking on NFTs, Atty. Dela Cruz reminded creators to be mindful of intellectual property laws.
“If you are minting a non-fungible token, a digital asset from a work that already exists – artwork, music, or video clips or even trademarks or logos that you do not own or have a valid license to use – you may be liable for infringing third party intellectual property. So, you have to be careful. You cannot simply convert the work of others into a digital asset.”
Atty. Dela Cruz is the head of DivinaLaw’s Data Privacy, Intellectual Property, Arbitration, and Fintech practice groups.
