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Even with some high-profile enforcement actions and general mayhem in the blockchain industry (see here and here), many founders continue to build their projects, gain traction in the market, and receive funding. We know this because we speak with many such entrepreneurs every week. Below is an excerpt from an email I recently sent to
If you have been following the news around Web3 lately, you may have heard of smart contracts. They are used in a wide variety of decentralized digital transactions, including NFT sales, decentralized autonomous organizations (DAOs), and decentralized applications (dApps). Because smart contracts can relieve some of the hassle involved with traditional contracts, many businesses are
If you’ve paid any attention at all to news about Web3, the metaverse, non-fungible tokens (NFTs), or cryptocurrency, you’ve probably heard of smart contracts. You’re also probably intrigued by how they work from a legal perspective and what they could mean for the future of your business. Smart contracts are a foundational element of Web3,
Today’s internet looks radically different from the static HTML pages of the 1990s, and it’s still evolving. New words like “Metaverse” and “Bitcoin” are now mainstream, and many speculate a new digital revolution is underway. Enter Web 3.0. What Is Web3? Web3 is a decentralized future version of the internet characterized by technology trends like
Businesses looking to get into the non-fungible token (NFT) space have a chance to reap some serious profit if they do it right. Rare NFTs can sell for tens of millions of dollars. In 2021, The Merge sold for $91.8 million on Nifty Gateway, making it the most expensive NFT to date. However, due to
Harris Sliwoski attorney Jonathan Bench will be attending the Web3 Toronto Summit from March 1-2, 2023, at the Toronto Congress Centre. On Thursday, March 2nd, at 10:00 a.m. EST, Jonathan will be presenting on “Security and Data Protection on Blockchain.” He will be joined by blockchain experts Vandana Taxali (Artcryption) and Harrison Jordan (Harrison Jordan
The past two weeks have seen a flurry of proposed regulatory activity in cryptocurrency. Governments around the world are making a sustained push for regulation similar in form and scope to regulations in more traditional financial markets. Many are now wondering who will regulate my crypto, and how do they plan to regulate it? Who
We have been writing and making videos discussing some of the legal basics around DAOs, such as the various DAO legal entity types and governance. DAOs seeking to register a legal entity encounter challenges. These challenges are present because many of the current options for legal entity structures were designed for centralized operations — which
With the rapid growth of the Web3 economy shaking up things across legal fields, it is not surprising that the registration of Web3 trademarks is raising novel issues. Web3 businesses should, of course, keep these issues on their radar when crafting brand strategies, but at the same time they must not neglect trademark basics. Similarity
Recently we have been drafting and reviewing NFT (non-fungible token)-related contracts for our clients. Some of our projects involved operating agreements for NFT companies and their owners. Others involved contracts for NFT companies with their investors or consultants. And because NFTs are intellectual property, we have also been involved in registering trademarks and preparing agreements
