Gamma Law
The right of resale provides artists an important revenue stream by entitling them to receive a share of the revenues whenever an owner or collector resells their original creations.
In recent years, investors and organizations have increasingly embraced blockchain technology for a range of business interests from tracking music royalties to supporting supply chain logistics. Now, in a reversal of that situation, an application of blockchain technology is being used to harness the collective power of investors and form organizations.
Take note! Non-fungible Tokens (NFTs) have officially entered the music scene and are already moving beyond provable ownership of audio files: the latest development is NFTs that are created to be virtual celebrities. These NFTs will even appear across multiple media types and platforms, including music videos and video games. Interest surrounding avatar-based NFTs is growing rapidly and even mega-celebrities are minting and investing in NFTs.
Driven by concerns over potential fraud, intellectual property theft, tax evasion, and money laundering, governments all around the world are looking at ways to regulate digital currencies and non-fungible tokens (NFTs). Nations have taken vastly different approaches depending on who’s in charge, how they characterize NFTs, and how bullish their outlook is on digital currencies.
Non-fungible tokens (NFTs) are once again proving their versatility. Entrepreneurs have found a variety of compelling uses for them in video games, drink recipes, digital art, fantasy sports, and more.
After several months of negotiations, the U.S. Senate passed the Infrastructure Bill in August. Officially dubbed the ‘Infrastructure Investment and Jobs Act’, the bipartisan bill is part of President Biden’s wider economic agenda.
US legislation regarding blockchain technologies varies widely from state to state and these regulations can bear heavily on the founding, funding, and operation of video game, VR/AR/XR, and other players in the digital media space.
Software from Kaspersky Lab was banned from use on all U.S. government computers as of October 1, 2019, due to its potential to breach national security. However, the Russian cybersecurity firm has just announced a voting machine that utilizes blockchain technology that could change the way votes are placed in countries around…
While Bitcoin is the world’s leading and best-established cryptocurrency, there are still significant threats to its ongoing and future success. These threats carry the potential to render the entire Bitcoin blockchain useless and in doing so, make the Bitcoin cryptocurrency worthless. The question is, will Bitcoin be able to overcome these credible…
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