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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
On Wednesday, March 8, 2023 at 12 p.m. PST, Harris Sliwoski attorneys Paul Coble and Jonathan Bench will host a free, hour-long webinar on the intellectual property and international business fundamentals for blockchain entrepreneurs. This blockchain webinar will focus on the following: How does the use of intellectual property in web3 differ from web2? How
In a sign of Web3’s mainstreamization, companies in the space are sponsoring soccer teams. For readers not familiar with the topic, soccer sponsorships are a really big deal. Spain’s Real Madrid gets €70 million a year from Emirates to display the airline’s name on their shirts. The Dubai-based airline, by the way, sponsors three other
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
