Blockchain

SEC’s Bored Apes Probe – More Bad News for Crypto

1000 648 David Hoppe

As if the crypto and NFT industry weren’t reeling enough in light of the FTX’s crash-and-burn, the U.S. Securities and Exchange Commission (SEC) is continuing its investigation into Yuga Labs Inc., the crypto company behind the (once) popular Bored Ape Yacht Club (BAYC), over its non-fungible token (NFT) collections and cryptocurrency.

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EU to Launch Global Metaverse Regulation in 2023; Will the US Follow Suit?

1000 648 David Hoppe

The European Union’s (EU) “Thrive In The Metaverse” initiative for regulating the metaverse is intended to prepare Europe for the age of crypto and web3. What does it mean for European consumers, and is it likely that the US will follow suit and issue similar regulations?

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Apple Store Allows NFT Sales; Takes Its Slice of the Pie

1000 648 David Hoppe

As part of its new guidelines for the App Store, Apple has announced that it will allow developers to sell NFTs within apps and games. Despite the limitations and fees Apple attaches to certain types of NFT, this is a big deal because, as DigiDaigaku NFT project founder Gabriel Leydon tweeted, “…this could put an ETH wallet in every single mobile game onboarding 1B+ players!”

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N(o) F(reaking) T(hanks): The Backlash against NFTs in Video Games

1000 648 David Hoppe

Video games are historically a driving factor in the development of new technologies. When the crypto-based assets known as non-fungible tokens (NFTs) first arrived, video game developers embraced them with lightning speed.

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Regulators Leaning Toward Treating NFTs as Securities?

1000 648 David Hoppe

Recent legal developments in the US and elsewhere seem to point toward the eventual classification of NFTs as securities. Should the trend continue, these rulings and regulations are sure to have important consequences on the video game industry and on emerging technologies companies aiming to launch their own NFTs in the near future. 

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Defining NFTs: Property, Securities, or Commodities?

1000 648 David Hoppe

The legal classification and regulatory environment for NFTs remain unclear, making it difficult for Web3 developers, video game publishers, and metaverse architects to be fully confident they can employ NFTs without inviting lawsuits or government investigations.

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Sell the Sizzle, Not the Stake: Marketing NFTs

1000 648 David Hoppe

Numerous celebrities, musicians, athletes, and other influencers have invested in NFT artwork and technology, whether for their personal use or for building the next stage of their brand and empire.

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Phonies, Phishing, & Functionaries: Risks in Buying and Selling NFTs

1000 648 David Hoppe

The market for non-fungible tokens (NFTs) has boomed (and busted) over the past year. As businesses and asset owners continue to create and sell NFTs representing a range of physical assets, digital images, internet memes, event tickets, memorabilia, and more…

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Mint Conditions: NFT Artist Agreements

1000 648 David Hoppe

Legal issues arising from intellectual property-related concerns have received wide coverage in recent months and, in some cases, have derailed popular NFT projects. It’s no exaggeration to say that the success of an NFT project may hinge on how well the NFT artist agreement is drafted…

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Star Power: NFTs and the Right of Publicity

1000 648 David Hoppe

Lately, there has been a lot of buzz around celebrities endorsing or investing in NFTs. The trend raises several legal implications surrounding the minting of NFTs and the right of publicity…

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