NFTs in the metaverse – Lexology
Over the past two years, headline news about the astronomical sales prices achieved for newly minted “Non-Fungible Tokens” or “NFTs” from popular artists and content creators...
Tagged: legal advisors
Dubai Court Rejects Bitcoin Claims Lacking Evidence of Crypto Wallet Ownership (and Solutions for Digital Asset Disputes in the UAE)
Dubai Court rejects claim for loss of 608 Bitcoins due to lack of proof of ownership of crypto wallet. Dubai Primary Court rules: “…the plaintiff had...
Liability exposure for blockchain software developers may be expanded
The responsibility of software developers to write blockchain software has been addressed in two recent developments. Craig Wright, who claims to be Satoshi Nakamoto (the developer...
OCC is watching closely as a bank and fintech partner
On September 6, Acting Comptroller of the Currency Michael Hsu warned that fintech and big tech partnerships and their forays into payments and lending could lead...
Brands are introducing new Blockchain technologies to fight counterfeiting
Counterfeits in the fashion industry are on the rise The global luxury resale market in 2021 was valued at USD 32.61 billion and is likely to...
OCC orders bank to improve oversight of fintech partnerships
Recently, a national bank disclosed an agreement reached with the OCC that requires the bank to improve oversight and governance of third-party fintech partnerships. According to...
Blockchain Bites: F1 NFTs; AFP forms crypto entity; Treasury’s latest consultation on crypto; Celsius crypto can go to custodians
Trademark registrations point to F1 NFTs In recent years, fans have paid close attention to international trademark registrations to get an early opportunity to see what...
PDPC launches guidance on personal data protection considerations for blockchain design
Introduction On 18 July 2022, the Personal Protection Commission («PDPC“) launched the Guidance on Personal Data Protection Considerations for Blockchain Design (“Guide“) to help organizations with...
Qatar consults on its National Blockchain Blueprint
In April this year, Qatar’s Communications Regulatory Authority (“CRA“) published its National Blueprint paper, which provides a number of recommendations for implementing blockchain technology across multiple...
Nike v. StockX case highlights many unanswered questions about IP and NFTs
At a recent technology conference, Bill Gates claimed that the value of non-fungible tokens (“NFTs”) is “100% based on greater fool theory” – the idea that...