Introduction to Non-Fungible Tokens and NFT Law will introduce the viewer to basic concepts around non-fungible tokens (“NFTs”) and some of the most common legal issues that arise in connection with the creation and sale of NFTs.  The course describes the core feature of NFTs (non-fungibility) and compares them with fungible tokens.  Viewers also will learn about the technical format for NFTs as well as a brief history of NFTs.  The course also covers special programming characteristics of NFTs.

Next, the course examines intellectual property issues related to NFTs including identification of IP, assessment of IP assignments during the NFT creation process, evaluation of the transfer of IP during the sale of the NFTs, and IP issues related to NFT marketplaces.

Finally, the course covers the view of the Securities and Exchange Commission of NFTs and examines securities law issues for NFTs including the application of the Howey test to NFTs.  The securities law section concludes with a review of the first NFT securities class action, Friel v. Dapper Labs, and a recent motion to dismiss ruling.

1 CLE Credit Hour:

AZ, CA, MD, FL, HI, MA, MI, NY, OH, SD, TX, UT, VA, DC

Pending Approval:

AL, CO, GA, ID, IL, MD, NJ, NC, PA