NFT Task Force

Click below to register for a live demonstration on September 14 of the creation, minting, listing, sale and secondary market sale of an NFT. We will identify legal issues at each stage of the process.

Minting & Selling an NFT

Over the past several years, non-fungible tokens (NFTs) have begun to gain in popularity as an emerging technology and, most recently, have been featured heavily in the news. The term refers to units of data stored on a digital ledger (i.e., blockchain) that certify a digital asset to be one-of-a-kind, distinct from any other NFT, and therefore not interchangeable (unlike bitcoin and other cryptocurrencies, whose units are meant to be interchangeable). NFTs can be used to create and transfer unique items such as photos and drawings, videos, audio, and other types of digital files and collectibles. As an emerging technology, there are business and legal implications for many industries including entertainment, sports, music, art, fashion, and real estate, among others, which has led Foley’s clients to become increasingly active in the NFT space.

In response, Foley has formed a multi-disciplinary NFT Task Force comprised of attorneys who are actively engaged in guiding businesses through their emergent needs in such areas as:

  • Cryptocurrency & Blockchain
  • Patents
  • Payment Systems
  • Trademark & Copyright
  • Licensing & Data Sharing/Privacy
  • Privacy
  • Monetization
  • Contracts
  • Securities Regulations

Our representative experience includes:

  • Advising the Milwaukee Bucks with development and minting of memorabilia as an NFT
  • Representing a Major Recording Artist & Crypto Enthusiast in connection with NFT album drop
  • Advising a Manufacturer on patent strategies for product innovations involving NFTs
  • Counseling a Music Producer on patent strategy for NFT innovation
  • Advising Propy on the issuance of the world's first NFT underlying real property
  • Representing numerous NFT marketplace platform providers 
  • Representing private equity investors in NFT-related ventures
     

The team is also focused on providing frequent updates on the evolving NFT landscape by producing cutting-edge thought leadership in the form of blog posts, published articles, podcasts, and webinars, including:

We look forward to continuing our work with clients in this exciting and evolving NFT space. For questions or more information, please contact your Foley attorney or one of the following NFT Task Force leaders listed below.

Contacts

Louis Lehot

Transactions | Technology & Capital Markets

Catherine Zhu

Transactions | Technology, Commercialization & Data Privacy

Eric L. Sophir

Patenting | Technology & Electronics

Andrew L. Lee

Transactions | Sports, Media & Entertainment

Laura Ganoza

Trademark, Copyright & Licensing | Fashion, Apparel & Beauty

Jonathan L. Israel

Litigation | Sports, Media & Entertainment
View All People in NFT Task Force