Counterfeiting in the metaverse

Quick Summary:

The negative impact of counterfeiting on the global economy include depriving governments of tax revenue, reducing business income, displacing sales of original merchandise, and increasing the cost of products.

APAA delegates will discuss whether current IP laws in each jurisdiction support initiating legal action against a virtual counterfeiter.

Considered a replica of real consumption, counterfeiting in the metaverse is the sale of digital assets without the proper legal rights, remedies, or freedom to resell them.

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Article Details

Author / Journalist: Atty. Dennis Gorecho

Category: BusinessStartups

Markets: Philippines

Topics: Column Opinion

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 16:01:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 836 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23463823

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 53 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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