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In this #FinancialFox, Steffy speaks with Catherine Zhu, a technology lawyer at Foley and Lardner. They discuss the legal implications of NFTs, how regulation and taxation can reshape the market and the impact of blockchain on the legal world.
2:50 Introducing Catherine Zhu
5:40 What’s the legal definition of an NFT?
7:30 Applications and uses of NFTs
12:35 Ownership and intellectual property rights
16:30 Building rights on the smart contract: The complexity of rights in digital artwork
22:45 Compliance and NFTs platforms
26:15 Is regulation coming for NFTs?
29:30 Taxation of NFTs?
32:20 Fashion and NFTs
38:00 NFTs price increases and item value
40:30 NFTs, fashion and sustainability
43:00 Fashion counterfeiting and secondary market
45:30 Legal protections for NFT creators
48:30 What is the role of art curators?
50:45 How has the role of lawyers changed with blockchain technology?
52:15 Trends to watch
54:30 Steffy’s final thoughts
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