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L-R: Philip R. Stein, partner with Bilzin Sumberg, Eric P. Hockman and Mitchell A. Bierman of Weiss Serota Helfman Cole & Bierman. Courtesy photos. L-R: Philip R. Stein, a partner with Bilzin Sumberg, Eric P. Hockman and Mitchell A. Bierman of Weiss Serota Helfman Cole & Bierman. Courtesy photos.

The latest crypto craze has litigators closely watching from the sidelines. Buyers of nonfungible tokens are ready to shell out hundreds of thousands of dollars, sometimes more, but when disputes start to hit the scene, litigators said there will be little to no case law as precedent.

Gareth Emery, a globetrotting electric dance music artist, released his NFT collection, LSR/CITY, on Thursday over the marketplace blockchain-based platform Nifty Gateway. Among the items are what he called “a one-of-a-kind laser sculpture” with a price tag of $250,000.

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Michael A. Mora

Michael primarily covers litigation in South Florida for the Daily Business Review. You can contact him by email: [email protected]

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