Unconfirmed: Legal Issues With NFTs: Would a Fractionalized Mona Lisa Be a Security? - Ep.287

Unchained

Nov 05, 2021•1 hr 11 min•Ep. 287

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Episode description

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