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Galaxy Brains

What DAOs are Getting Very Wrong w/ Michael Marcantonio

Feb 15, 2024
Legal issues with NFTs and DAOs discussed with Michael Marcantonio. Topics include smart contracts, NFT licensing, tokenization, bankruptcies in crypto, and the future of blockchains in the legal industry.
01:03:08

Podcast summary created with Snipd AI

Quick takeaways

  • The issue of NFT licensing and the lack of tangible ownership of intellectual property (IP) conveyed by many NFT projects needs to be addressed.
  • DAOs must incorporate and properly address liability issues to attract institutional capital and foster innovation in the decentralized governance space.

Deep dives

NFT Licensing and Tangible Ownership of IP

The podcast episode discusses the issue of NFT licensing and the lack of tangible ownership of intellectual property (IP) conveyed by many NFT projects. The hosts argue that the majority of NFT licenses do not actually grant any tangible rights to the holders, and some projects even fraudulently claim to provide legal IP ownership. They highlight the missed opportunity for honest actors to convey true IP rights or potentially defraud their customers. The conversation emphasizes the need for tangible ownership of IP in the NFT space and the importance of accurately conveying these rights to the token holders.

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