- MtgDAO plans to launch a series of non-fungible tokens (NFTs) based on the popular Magic: The Gathering card game.
- Wizards of the Coast claims that mtgDAO’s plans infringe on their copyright.
- Copyright and intellectual property issues are becoming increasingly prominent in Web3.
Wizards of the Coast, the publishers of the popular Magic: The Gathering card game, issued an email to mtg DAO, claiming that the DAO’s plans to launch a series of NFTs based on Magic are infringing on their copyright.
The email, which was submitted to mtgDAO on February 4 and posted to the DAO’s Twitter on February 10, came from Reynolds Law, the firm that represents Wizards of the Coast. Wizards of the Coast brought mtgDAO to their notice after reading the DAO’s white paper, according to Reynolds Law.
Magic: The Gathering, also known as Magic or MTG, was invented by Richard Garfield and published by Wizards of the Coast in Renton, Washington, in 1993.
MtgDAO, which began in November, claims to have a concept comparable to that of a local game store, which uses a DAO structure to run tournaments, fund writers, and promote players.
“Web3’s core community-building tool is a DAO. Forbidding a Magic DAO is equivalent to forbidding any genuine presence in web3. Ngmi, “On Twitter, mtgDAO tweeted.
The yet-to-be-launched mtgDAO white paper stated that the concept would revolve around a crypto NFT card economy regulated by the DAO. The concept is to leverage scarcity to limit the number of times a player in the mtgDAO NFT card game can use the same card at the same time throughout a game.
As more non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs) grow up around brands, books, movies, and consumer products, copyright and intellectual property issues are becoming increasingly prominent in Web3.
Hermes, the manufacturer of the Birkin Handbag, termed the MetaBirkin NFT series an infringement of the brand’s trademark in December. Despite Miramax’s copyright lawsuit, Quentin Tarantino indicated last month that he wanted to continue forward with a line of NFTs based on his hit 1994 picture “Pulp Fiction.”