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Tokenized Art Legal Issues

By James Gatto on February 25, 2021
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The tokenization of physical and digital art has many advantages. Some of the advantages create potential complexities under US law. Each situation is fact specific, but the following is a summary of some of the areas for which careful consideration is needed with tokenized art. This is not a complete list, but provides some of the most common issues that we typically see. These issues can impact the owners/creators of tokenized art as well as the exchanges and platforms that sell them.

The range of issues include anti-money laundering, OFAC, securities laws, copyright, patents, terms of service and much more. See here for a summary of these issues. For more information, please consider registering to attend our complimentary webinar on this topic on March 10, 2021 featuring Serena Tabacchi, CEO and Co-founder of the Museum of Contemporary Digital Art, and John Crain, Founder of SuperRare.

Photo of James Gatto James Gatto

Jim Gatto is the co-head of Blockchain and FinTech Team in the firm’s Washington, D.C. office.

Read more about James GattoEmail
  • Posted in:
    Intellectual Property, Probate & Estate Planning
  • Blog:
    Art Law Blog
  • Organization:
    Sheppard, Mullin, Richter & Hampton LLP
  • Article: View Original Source

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