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A Comprehensive Guide on Non-Fungible Tokens (NFTs): Managing Potentials and Perils


Level: Intermediate
Runtime: 118 minutes
Recorded Date: May 24, 2022
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Agenda

Some of the major topics that will be covered in this course are:
•Overview of Non-Fungible Tokens (NFTs)
•Opportunities and Potentials
•Legal Risks and Implications
•Best Practices in Operating in the NFT Marketplace
•Practical Tips to Avoid Pitfalls
•What the Future Holds for NFTs


Runtime: 2 hours
Recorded: May 24, 2022

For NY - Difficulty Level: For both newly admitted & experienced attorneys

For NY - Difficulty Level: Both newly admitted and experienced attorneys

Description


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 this program, 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.

This program was recorded on May 24th, 2022.


Provided By

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Panelists

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Malgorzata (Gosia) A. Kulczycka

Partner
Hickman Becker Bingham Ledesma LLP

Dr. Kulczycka’s practice emphasizes client counseling andstrategic patent prosecution with special expertise in computer networks,artificial intelligence, machine learning, Internet-related technologies,computer software, telecommunications, computer graphics, and electronics. Hercomputer network experience and software experience include virtual machinetechnologies, communications servers and routers, load balancing, highavailability 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 communicationsprotocols. Her other experience includes databases, Web-based searches, XMLdocument processing, digital image processing, data content distribution, andimplementations of computerized methods for service providers. Her clientsinclude individuals, startups, mid-sized businesses, and large corporations.

Dr. Kulczycka was previously a computer graphics projectmanager and a software design engineer at General Motors Corporation. Shedesigned, developed, and programmed many components of computer networks anddeveloped software applications in the areas of computer system integration,virtual reality, real time simulation, 3D projection, and computer graphicsanimation.


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Sarah Anderson

Partner
Kilpatrick Townsend & Stockton LLP

Sarah Anderson focuses her practice on domestic andinternational trademark counseling, portfolio management, registry disputes,and online and offline enforcement programs. She regularly counsels some of themost iconic global brands across various industries, including retail,e-commerce, fashion, entertainment, and technology.


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Robert N. Potter

Partner
Kilpatrick Townsend & Stockton LLP

Rob Potter delivers practical and efficient solutions tocomplicated issues in trademark/copyright litigation and brand enforcement. Hehas also become increasingly active in the NFT space, providing guidance andcounseling on emerging best practices, and frequently speaking and writing onthe topic.

 


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Michael A. Tomasulo

Partner
Winston & Strawn LLP

Mike Tomasulo is a partner in Winston & Strawn’s LosAngeles 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, cloudcomputing, and social media industries. Mike is also very active in theemerging world of blockchain, NFTs, Web3, and DAOs. He is knowledgeable in theintellectual property implications of Non-Fungible Tokens (NFTs) and smartcontracts transactions, and counsels companies involved with blockchaintechnology in finding business-focused solutions. He has written numerousarticles on these topics and is currently doing consulting and transactionalwork for companies in this sector including counseling an NFT marketplace inits 2022 launch.



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