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As web3 moves into its next phase of adoption, we are seeing new and creative use cases for non-fungible tokens beyond simple monetization of content, extending to identity, community and experience, essentially serving as virtual passports into the Metaverse.

Meanwhile, Fortune100 companies are trying to “catch up to the future” by becoming the first mover in their category to build a Metaverse to connect with consumers.

While parts of the digital asset industry are suffering from crypto-winter far beyond the “north wall”, platforms for NFT minting and NFT marketplaces continue to mushroom to meet the demand.

Foley and Lardner LLP Partner Louis Lehot and Associate Tiffany Young recently lead a CLE webinar for Lawline, “Preparing for Liftoff: Legal Considerations when Launching an NFT Marketplace.”

The program aims to help those looking to establish a new NFT marketplace prepare for launch. Lehot and Young provide an overview of key legal considerations of launching an NFT marketplace and discuss how operators of NFT marketplaces can prepare for these issues.

Learning objectives for this program include:

  • Reviewing the basic functionalities offered by NFT marketplaces
  • Examining key legal issues related to operating an NFT marketplace
  • Discussing measures NFT marketplaces can take to mitigate risk associated with these issues

Lehot and Young were joined by Bret Waters, CEO of 4thly.

Access the full program on Lawline here.  (Those seeking CLE credit will need to become a Lawline subscriber.)

Access the slides here.

Author Louis Lehot

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