Our NFT and blockchain lawyers and staff have represented technology and software companies for 30 years. We understand blockchain technology, Non-Fungible Tokens (NFTs), and business models related to cryptocurrency. Our attorneys regularly advise on emerging issues related to blockchain, non-fungible tokens (NFTs), and crypto, including issues relating to intellectual property, website agreements, contracts, business, data privacy, and related issues, including both related to software and hardware. We can assist in most aspects of blockchain technology and cryptocurrency, including legal and regulatory issues related to Bitcoin and other cryptocurrencies (including Ethereum, Ripple, Litecoin, Monero, and others), as well as NFT marketplaces.
A lawyer that understands the law is great. An attorney and law firm that understands the technology underlying blockchain, crypto, and non-fungible tokens (NFTs) is better. We are a team of lawyers, paralegals, and staff who provide a wide range of expertise for early-stage, growth, and mature companies in the blockchain space. Our team acts as outside general counsel to a wide range of blockchain, crypto, and NFT projects who require business, corporate, trademark, copyright, litigation, and other legal issues. We have experience in representing companies and individuals in connection with all of their legal needs relative to the blockchain, NFTs, and crypto, including:
The blockchain legal team at Traverse Legal is here to advise you and help you understand the legal issues you may face based on its experience and a proven track record in helping technology companies like yours find success.
Why is there so much confusion about NFT ownership? Much of the news media discussing ownership can be as confusing and misleading as the NFT offering. Do you only NFT? Yes. Due to the digital asset linked to the NFT? That depends on the contract with the project owner that originally minted the NFT. Look to the terms of service, information on the platform, and other sources of information to see what your NFT purchase contract says.
Most purchasers of Bored Apes and other NFTs think they own the copyright to the image; that they own the Bored Ape. Unfortunately, these early NFT drops were fatally flawed by poorly drafted, or non-existent, sale contract language. Yes, you own the NFToken (smart-contract). It is less clear what your rights are in the copyrighted image that is the Bored Ape. In this episode, we go through the Bored Ape sale contract (aka Terms of Use) line by line to see what was really sold, and what was not. If you are a Bored Ape owner, considering buying a Bored Ape or putting together your own NFT drop, you need to watch this video until the end. We promise you will be surprised by what you learn.
NFTs and the decentralized, immutable blockchain technology which makes intelligent contracts possible are all over the news. What does it all mean? You are wondering whether to buy the hype or ignore it. Will you be left behind if you don’t dive in now? The answer, my friends, is found in HISTORY. Yes, look to history to understand the future. The biggest companies in the world, Wallstreet, and the US government already understand what you had better understand. NFTs are the future. The internet, smartphones, cloud services, social media. The press and the public widely panned all of these new technologies as fads and frauds. Yes, the pundits predicted the demise of the internet! When laughing about fart NTFs with business associates, remember there was a time when websites were considered unnecessary for businesses. And putting your credit card number into the internet was bat shit crazy. This question … THE question? Should you, your brand, and your company invest in NFT knowledge and technology? The answer to anyone who has studied emerging tech for the last 30 years is…. YES! NOW! Don’t hesitate! NFTs, blockchain and smart contracts are happening all around you. Get off your assets. Dismount your legally high horse. Find utility in humility. Acknowledge the digitally enhanced perfect nose on your avatar face!