Blockchain and the Law

Tag Archives: NFT Marketplace

District Court Declines to Dismiss NFT “Insider Trading” Indictment against Former OpenSea Employee

By Joshua M. Newville and Jonathan Mollod on Posted in AML/KYC, Digital Assets, Enforcement Action, Litigation: Criminal, NFTs
In late October, a New York district court refused to dismiss the Department of Justice’s (DOJ) indictment against defendant Nathaniel Chastain, who was charged with wire fraud and money laundering relating to his using insider knowledge to purchase non-fungible tokens (NFTs) prior to them being featured on OpenSea, an online NFT marketplace, and later selling … Continue Reading

Roots of Confusion Over “v1” CryptoPunks NFTs Raise Key Copyright and Practical Considerations for NFT Minters, Acquirers and Platform Operators

By Wai Choy and Kyle Hansen on Posted in Copyright, NFTs, Smart Contracts, Trademarks
Minters of collectible non-fungible tokens (NFTs) have taken a wide range of approaches. In addition to variations in the means of distribution, token standards, governing smart contracts and platforms on which initial sales or transfers are made, the terms, conditions and content licenses (or lack thereof) under which users take possession of an NFT often … Continue Reading
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