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No one can be told what the Matrix is. Similarly vexing, if perhaps somewhat less adaptable to the big screen, is telling someone what an NFT is. It ends up being easier to start with what it is not. An NFT is not cryptocurrency. Currency, crypto or otherwise, must be fungible. For any monetary system
One of the more significant AI copyright cases pending in the U.S., Thaler v. Perlmutter, is scheduled for oral argument before the D.C. Circuit Court of Appeals next month. It’s an appeal of a case the appellant, Stephen Thaler, lost in the U.S. District Court for the District of Columbia. I await oral argument and
I recently returned from the iTech Law Conference in Washington, DC, where I spoke on a panel about smart contracts and DAOs (decentralized autonomous organizations). I was joined by two impressive international tech lawyers, Julia Pazos (Brazil) and Katarzyna Szczudlik (Poland). These are some of the questions our panel discussed. How Do Lawyers Think About
How to Tokenize Real Estate Tokenization of assets is one of the most common discussion topics in my blockchain/web3 practice. Both tangible and intangible and intangible assets can be tokenized. I have discovered that many first-time founders get lost in the cool functionality of their product and rarely step back to determine what the marketplace
Should I Be Using an AI Chatbot on My Website? AI chatbots incorporated into business websites can be tremendously helpful. But they can also lead to huge costs, headaches, and even lawsuits if not incorporated correctly. In this post, we’ll examine the top four questions you should answer before you put an AI chatbot on
Over the last few years, airdrops have become much more common in the crypto space. Airdrops are often used to market or promote a crypto startup or platform. But like with so many other things in the space, their legal status remains murky. In this post, I do a deep dive on the legality of
The Legal Status of Staking in the Crypto World With BTC, ETH, and other cryptocurrencies trending upward in Q4 2023 and into 2024, it is a good time to revisit an issue I have been thinking about lately. What is the legal status of staking? The Basics About Staking According to Coinbase, staking is multifaceted
Using AI in Due Diligence Due diligence is the process by which a company evaluates a potential business partner. In an M&A transaction between equals, this means that both sides will get the opportunity to look at the other side’s records of all types, typically with very little held back. These due diligence requests typically
With the SEC v. Ripple decision emerging recently, many commentators (see here and here) have focused on the holding of the case, which is the correct place to start. This post focuses on the holding, plus additional matters discussed in the decision and additional insights gleaned from the rest of the decision. Foundational Facts of
With Web3 on the horizon and digital transformation in the air, blockchain technologies like smart contracts are becoming more common in business processes. Every company should be asking how can you incorporate these technologies into your business model. For context, a smart contract is a self-enforcing piece of code that exists on a blockchain and
