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”
Recently, LinksDAO raised over $10 Million USD to ultimately buy a Golf Course. About 33 and 1/2 years ago, in early December of 2021, The Mountain DAO announced on twitter that it was forming a DAO and raising capital to purchase a mountain in Virginia. The Mountain DAO has summarized its mission as: “We areContinue reading “(King of the) Mountain DAOs”
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 Shit Got Stolen: What Do You Do?”
Lawsuits are coming to NFTs. As both a litigator and member of the NFT community, this indisputable fact leaves me with mixed feelings. The NFT community is comprised of overwhelmingly positive people, far more likely to tweet out GM than start an internet fight (a rarity in the 2020s social media landscape). On the otherContinue reading “Web3 Conflict Resolution”
I usually stick to legal topics for this blog, but people seemed to appreciate my post on Illuvium so I figured with the announcement of the Steph Curry X Under Armour partnership it was time to post about another favorite project: Rumble Kong League (“RKL”). Full disclosure: I currently own 2 RKL players, so similarContinue reading “Rumbling Into Kongs And The Play To Earn Future Of NFTs”
Nike made waves yesterday by announcing its acquisition of popular NFT brand RTFKT. This comes in the wake of RTFKT’s controversy regarding certain Terms and Conditions which seemed out of character at the time, but make total sense when put into the context of a pending major acquisition. With major brand acquisitions and partnerships, comesContinue reading “Brands Entering NFT Space: Mind Your P&Q’s With Your T&C’s”
Recently, a large anonymous owner of CryptoPunks (known only by the name “punk4156”) made waves in the NFT world when a chunk of those Punks were put up for sale due to a dispute he/she had over Larva Labs’ handling of copyright issues. As an attorney, this issue is exceedingly interesting to me because generallyContinue reading “Copyright In the Age of Creative Commons”
When you mint an NFT, you often have the option to mint from a website set up by the developers, or directly from the smart-contract. What may be confusing to people is the use of the term “smart-contract” and how that differs from our traditional understanding of contracts. Hopefully, if you were one of theContinue reading “The Difference Between a Smart Contract and a Traditional Contract”
I previously wrote about the legality of Decentralized Autonomous Organizations (“DAOs”) and stated then the subject was way too complex to discuss in a single article. After a recent twitter spaces discussion I had (which is hosted every Tuesday at 4:00 EST by one of my favorite artists and decentralization maxi CΞdΞrKing) I figured itContinue reading “The DAO Bros vs. The Dow Jones”
I started this blog to give non-lawyers some insight into what an actual practicing intellectual property litigator saw going on in the space. One of my first articles involved the CryptoPhunk controversy, and how delisting those assets on OpenSea was actually good for users. Recently, CryptoPhunks have made a comeback and, as of writing this,Continue reading “Don’t Phunk With Copyright Theft”
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