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In this episode of The Legit Ledger, Casey Kuhlman of Monax Labs
sits down with Sheppard Mullin Blockchain Team Co-Leader Jim Gatto
to discuss Monax’s technology solution for ensuring NFT
purchasers affirmatively accept a NFT license before purchasing,
both for primary sales and secondary sales.
What We Discussed in This Episode:
- What are the challenges of using and ensuring acceptance of a
customized NFT license when selling on a third-party
marketplace? - Why is affirmative acceptance of the NFT license necessary to
have an enforceable contract? - How Monax’s Aspen technology provides a solution to these
issues?
About Casey Kuhlman
Casey Kuhlman is the CEO of Monax Labs. He is
an ex-marine, lawyer and software engineer with experience in legal
process management, smart contracts, and decentralized autonomous
organizations. He graduated from Vanderbilt University Law School
in 2008, and has since held positions in the Special Court for
Sierra Leone, Public International Law and Policy Group, Watershed
Legal Service, among others. He also co-founded Project Douglas, a
company focusing on DAO and distributed organization system design
and the open source technologies underlying it. Monax Labs is a
web3 infrastructure studio on a mission to ensure that NFT
transactions are safe, secure and legal. Monax’s solutions are
unique because they address legal gaps associated with NFTs: IP
protection, possession versus ownership, and the ability to assert
title over NFTs. Monax Labs is building Aspen: a revolutionary NFT
minting, management and transactional platform with integrated
legal contracting.
About Jim Gatto
Jim Gatto is a partner with the Intellectual
Property Practice Group in Sheppard Mullin’s Washington, D.C.
office, where he co-leads the Blockchain & Fintech Team. His
practice focuses on blockchain, interactive entertainment, digital
art, AI and online gambling. He advises clients on IP strategies,
development and publishing agreements, licensing and technology
transaction agreements, and tech regulatory issues. Jim has been
involved with blockchain since 2012 and has been recognized as a
thought leader by leading organizations, including Best Lawyers in
America 2021-2022; Cryptocurrency, Blockchain and Fintech
Trailblazer, The National Law Journal, 2018; and Thought Leader on
Blockchain & Cryptocurrencies, National Law Review, 2018.
Contact Information:
Resources:
The Legit Ledger Episode 7: NFT Enforceable
Licenses with Jim Gatto and Yasamin Parsafar
NFT License Breakdown: Exploring
Different Marketplaces and Associated License Issues
NFTs and Intellectual Property:
What IP Owners and NFT Creators Need to Know
Protecting IP and Limiting Liability When
Licensing IP for Digital Art and NFTs
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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