Boutique law firms and Big Law alike are launching nonfungible token groups or beefing up existing blockchain practices to capitalize on the rapidly growing technology and address client needs.
The rush for blockchain and NFT expertise comes as musicians and visual artists are moving to make tokens to protect their rights and as enterprises such as the National Basketball Association are launching online marketplaces to sell such goods. That has prompted interest from the Securities and Exchange Commission, raising the possibility of new regulations from the Biden administration.
Blockchain services have been big for several years, but NFT expertise is ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.