A Comprehensive Guide on Non-Fungible Tokens (NFTs): Managing Potentials and Perils
The recent surge of non-fungible tokens (NFTs)—in number, value, and type—has become a clear sign of their high growth potential across all types of industries. By associating digital and physical goods with a unique identifier on a tamper-resistant blockchain, NFTs allow for unprecedented levels of security, authenticity, and digital provenance, while raising novel issues involving intellectual property, data privacy, and identity management.
The continuous demand for NFTs breeds new forms of investment and revenue opportunities, and many businesses of all stripes are rapidly entering the NFT space. As with any emerging technology, however, there are numerous legal and practical issues to consider, and the potential for a great reward is balanced by the risk of great loss. Understanding the potential risks of NFTs before investing is critical.
In a Webcast, a panel of thought leaders and practitioners assembled by The Knowledge Group will discuss the recent trends and significant challenges surrounding NFTs and the associated legal landscape, including helpful insights to avoid potential risks.
Field of Study: Business Law
Live and Recorded CLE & CPE Webcasts in the Legal, Tax, Finance, Risk, Compliance and Human Resources Industries
Founded in November 2006, The Knowledge Group has established itself as a premier eLearning hub for Continuing Legal Education (CLE), Continuing Professional Education (CPE), and technology-focused webcasts. We equip lawyers, accountants, and industry professionals with expert-driven insights, timely regulatory updates, and practical strategies to help them stay ahead in an ever-evolving landscape.
Michael A. Tomasulo, Partner with Winston & Strawn LLP
Mike Tomasulo is a partner in Winston & Strawn’s Los Angeles office. He is the co-leader of the firm’s multidisciplinary Videogame, Gaming & Esports Group and a member of the Blockchain, Cryptocurrency & NFTs Group and has represented leading companies in the videogame, cloud computing, and social media industries. Mike is also very active in the emerging world of blockchain, NFTs, Web3, and DAOs. He is knowledgeable in the intellectual property implications of Non-Fungible Tokens (NFTs) and smart contracts transactions, and counsels companies involved with blockchain technology in finding business-focused solutions. He has written numerous articles on these topics and is currently doing consulting and transactional work for companies in this sector including counseling an NFT marketplace in its 2022 launch.
Robert N. Potter, Partner with Kilpatrick Townsend & Stockton LLP
Rob Potter delivers practical and efficient solutions to complicated issues in trademark/copyright litigation and brand enforcement. He has also become increasingly active in the NFT space, providing guidance and counseling on emerging best practices, and frequently speaking and writing on the topic.
Sarah Anderson, Associate with Kilpatrick Townsend & Stockton LLP
Sarah Anderson focuses her practice on domestic and international trademark counseling, portfolio management, registry disputes, and online and offline enforcement programs. She regularly counsels some of the most iconic global brands across various industries, including retail, e-commerce, fashion, entertainment, and technology.
Partner Hickman Becker Bingham Ledesma LLP
Dr. Kulczycka’s practice emphasizes client counseling and strategic patent prosecution with special expertise in computer networks, artificial intelligence, machine learning, Internet-related technologies, computer software, telecommunications, computer graphics, and electronics. Her computer network experience and software experience include virtual machine technologies, communications servers and routers, load balancing, high availability network mechanisms, VPN, dynamic DNS-based security systems, real-time distributed data compliance brokers, cloud-based storage systems, data encryption mechanisms, data stream classifications, traffic multiplexing, link aggregation, VoIP, wireless communications, and data communications protocols. Her other experience includes databases, Web-based searches, XML document processing, digital image processing, data content distribution, and implementations of computerized methods for service providers. Her clients include individuals, startups, mid-sized businesses, and large corporations.
