logo-small.png
- BLOG -

Headquarters

501 Boylston Street, 10th Floor

Boston, MA 02116

(617)-737-5000

info@outsidegc.com

ON-DEMAND INSIGHTS

I Want My NFT

I Want My NFT

December 29, 2021 at 1:00 PM - non-fungible tokens,

Those of a certain age remember the rallying cry when MTV launched. The cable channel would go on to change the music business. Only time will tell whether NFT will change the art world; but it is worth examining at least one misconception that some people may have about NFTs.

Continue Reading
Legal Do's and Don'ts for an NFT Transaction

Legal Do's and Don'ts for an NFT Transaction

October 26, 2021 at 10:23 AM - non-fungible tokens,

The world of Non-Fungible Tokens (NFTs) is still very much in a state of flux. Powered by the same blockchain technology that supports cryptocurrency, an NFT is a unique set of data stored on blockchain. Unlike dollar bills or grains of rice (which are interchangeable with one another), each NFT is different, as warranted by a digital certificate of authenticity which is traceable on blockchain and publicly available. NFTs are used to represent ownership of an original digital asset, such as a graphic art file, video clip, or music. Although an NFT does not prevent a digital asset from being copied, it does establish ownership of it, which is something that cannot be copied and therein lies the value of an NFT. It is important to note, however, that an NFT only gives the holder certain rights to the asset; the full ownership position still belongs to the artist.

Continue Reading

Subscribe to our Blog

Popular Posts

   
This publication should not be construed as legal advice or a legal opinion on any specific facts or circumstances nor an offer to represent you. It is not intended to create, and receipt does not constitute, an attorney-client relationship. The contents are intended for general informational purposes only, and you are urged to consult your attorney concerning any particular situation and any specific legal questions you may have. Pursuant to applicable rules of professional conduct, portions of this publication may constitute Attorney Advertising.

Outside GC is an innovative approach to legal services for growing and mature businesses. Companies who engage Outside GC fall into two main categories: (1) those without in-house counsel who need regular, on-going legal support but do not wish to hire a full-time in-house lawyer, and (2) those with in-house counsel who do not wish to add more full-time resources to their existing in-house staff. Contact us to speak to one of our on-demand attorneys.