Intellectual Property

Is there a legal risk of a lawsuit from the IP owners?

Cardtopia NFTs serve as a digital representation of assets we have acquired, which are secured by our security partner. This parallels the practice of posting a photo of a real-life asset for sale on an e-commerce site. We have consulted with legal experts to confirm that this practice does not violate intellectual property rights.

NFTs raise several unresolved legal issues, and there is always the possibility that a trademark owner may attempt to assert their rights, even in cases of non-infringing use. Given that infringement is a subjective matter and depends heavily on the specifics, opinions can vary on whether certain uses overstep legal boundaries.

Nevertheless, after seeking legal advice, we are confident that our platform's approach to creating NFTs as mere proof of ownership for a tangible product—which can be exchanged for the actual item at any time—does not violate any trademark owner's rights. Generally, it is accepted that one can purchase collectibles and resell them on a secondary platform, using the product's brand name, as long as it is not misleading or implies a non-existent affiliation with the brand owner. Similarly, we believe that minting and selling NFTs linked to the physical items we've purchased does not infringe on any brand owner's rights.