A Twitter thread went semi-viral recently (and has been since deleted) where an apparent 15-year old computing wizard earned over $17 million through the use of automated computer programs (“bots”) to game recently hyped NFT drops (Murakami Flowers and Otherside land). While we are in a space where technological innovation is celebrated, the use ofContinue reading “Let’s Talk About Bots, Baby”
Author Archives: nfttorney
NFT Project Start-Up Checklist
Everybody early to NFTs at least considers starting their own project. I’m a big fan! One of the coolest aspects of NFTs is their ability to turn somebody’s passion into a legitimate business. Will many of these project fail? Sure. Most small businesses fail, too. But Web3 removes the barrier of entry, which is aContinue reading “NFT Project Start-Up Checklist”
Let Them Eat Caked Apes
It’s time for another NFT lawsuit breakdown, and this one is juicy. Similar to the attorneys in the Coolman Universe lawsuit I broke down, the attorneys on opposing sides of the Caked Ape lawsuits came out swinging. But what are the claims being made, and how should Caked Ape holders handle this fight between theContinue reading “Let Them Eat Caked Apes”
Breaching Contracts? Not Cool, Man.
I recently wrote about the importance of contracts in NFT dealings. What I probably should have included was a note on the importance of not breaching those contracts. Today, in one of my NFT group chats, a lawsuit alleging breach of contract against the artist known as Coolman CoffeeDan (“CoffeDan”) was sent around. It hasContinue reading “Breaching Contracts? Not Cool, Man.”
Deadlines In Executive Order on Ensuring Responsible Development of Digital Assets
Early this morning, President Biden released his long-awaited Executive Order regarding crypto regulation. There is nothing shocking in the Order, and it seems to be far more crypto-friendly than many expected. Others such as TRM Labs and Jerry Brito have given succinct summaries of the Order’s contents. I highly recommend anybody interested in the topicContinue reading “Deadlines In Executive Order on Ensuring Responsible Development of Digital Assets”
Check Your Privilege- Legally
For anybody not following along with the SEC vs. Ripple ($XRP) litigation, there was a semi-recent ruling requiring production of potentially privileged advice from Ripple’s legal counsel regarding securities issues central to the case. This was a huge ruling, and could be very harmful to Ripple depending on what is in those documents. There haveContinue reading “Check Your Privilege- Legally”
Explaining The Bored Ape v. OpenSea Lawsuit
NFT lawsuits are here! NFT lawsuits are here! Thank God almighty, NFT lawsuits are here! As a litigator, it is great to see the NFT wild wild west come to the courts. First came the Quentin Tarantino and Birkin Bag lawsuits on intellectual property issues. Now it is a Bored Ape owner (or, more aptly,Continue reading “Explaining The Bored Ape v. OpenSea Lawsuit”
New Digital World, Old Legal Rules
It’s time for me, as one of the only lawyers in the NFT Twitter room, to once again let everyone know they are making huge mistakes by treating NFTs as the lawless wild west. I regularly see people brag about doing deals in the NFT space without any formal written agreements. As an NFT collectorContinue reading “New Digital World, Old Legal Rules”
NFT-T&E: Succession Planning for Web3
I saw a tweet the other day which estimated there are roughly 700-2,000 CryptoPunks thought to be lost. They belong to people who likely forgot their wallet information or died without leaving instructions on how to access their wallet(s). At a current floor price of ~$273,000, that is $191-546 million lost forever. This brought toContinue reading “NFT-T&E: Succession Planning for Web3”
So Your Stuff Got Stolen: What Do You Do?
It appears that NBA player Cole Anthony has joined the many victims whose wallets were compromised and items stolen. There is a running joke on Twitter, that the only thing Bored Ape owners love more than talking about themselves, is giving away their seed phrases. Criticism earned by how often Bored Apes are stolen inContinue reading “So Your Stuff Got Stolen: What Do You Do?”
The NFTtorney 