The metaverse, NFTs and IP issues in China

Over the past few years, the terms ‘metaverse’ and ‘NFT’ have become global buzzwords. Simply put, the metaverse describes a virtual environment where people can play, create, interact, and buy things. Contrary to popular belief, it is not a single digital ‘place’, but an ecosystem comprising several metaverses. NFTs (non-fungible tokens) are digital records that are used to track ownership and rights over digital or physical assets, and they are by definition unique and rare (in contrast with cryptocurrencies).