![]() Together they collaborate with our advertising and media, corporate, tax, consumer protection, intellectual property, and cybersecurity and privacy lawyers to provide A-to-Z support to businesses and individuals. ![]() Our robust NFT team is led by a former Attorney-Advisor in the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), the Global Head of our Blockchain & Digital Assets Practice and co-lead of our Financial Services Practice, and a leading transactional partner focusing on Digital Assets. Negotiating NFT investments, contemplating NFT portfolio development or other NFT market participation necessitate careful evaluation and due diligence. Managing consumer safety risks on NFT platforms should be carefully planned. Understanding the regulatory regimes that apply to NFT sales requires a detailed inquiry. As NFT sales proliferate, regulators are poised to address the question of how to classify and regulate these novel assets. While design flexibility and diverse functionality make NFTs useful to business and brand owners, they also expose NFT handlers to possible government regulation. NFTs are digital assets that represent anything unique (such as artwork, videos, gifs, songs, or even tweets) as an Ethereum-based smart contract. Individuals and businesses participating and operating in this space should carefully consider the legal implications of doing so, as the laws surrounding NFTs are not yet well-developed and there is a good degree of regulatory uncertainty in the industry. The start of 2021 has seen some of the highest profile sales of NFTs and propelled NFTs to the forefront of public consideration.
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