At Non-Fungible Castle 2021, an NFT exhibition in Prague, four NFT experts discuss the legal implications of NFTs. Guests include Jonathan Victor, product/business development at Protocol Labs; Louis Baudoin, advisor at Monax; Diana Stern, product counsel at Stripe; and Shant Marootian COO at Fractional.art. Show highlights:
- what users are receiving with the purchase of an NFT
- how the terms of service for different NFT marketplaces change NFT rights
- how on-chain storage and off-chain storage affects NFT ownership
- what rights do creators need to mint an NFT
- what recourse creators have if someone mints their art as an NFT and profits from it
- whether NFT marketplaces should respect NFT royalty standards on resales
- how NFT marketplaces could make it easier for creators to clarify licensing and royalty standards
- whether NFTs should be regulated under existing laws and what gaps in regulation need to be filled
- when an NFT should be considered a security
- how different jurisdictions may work together to regulate NFTs
- why money laundering is a problem for NFTs
- how a DAO could go about owning an NFT or IP
- what would happen to NFTs and DAOs if Ethereum were to suffer a hard fork again
- why DAOs should stay compliant with traditional regulations
- how to improve licensing and industry standards for NFTs
- whether NFTs should be considered as financial objects
- what would happen if a museum fractionalized the Mona Lisa
Thank you to our sponsors!
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Episode Links:
Non-Fungible Castle 2021
Jonathan Victor
Louis Baudoin
Diana Stern
Shant Marootian
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