Discovering NFTs: What Your Company Needs to Know About NFTs in 2024

Why You Should Attend

Join our experienced faculty as they explore the unique and cutting-edge legal issues arising out of the growing legal landscape around NFTs and learn how to the rapid evolution of blockchain technology can have a direct impact on your clients’ businesses and the legal issues that you must confront on a regular basis around a constantly shifting legal landscape.

What You Will Learn

After completing this program, participants will be able to:

• Understand how NFTS are used in business transactions, including using NFTs as collateral, perfecting security interests in NFTs, and valuation
• Know financial issues surrounding NFTs including securities laws, money transmission laws and regulations, AML, OFAC prohibited countries and potential risks and strategies around use of digital currencies
• See how federal and state tax laws and regulations apply to NFTS. Are there any business strategies in connection with NFTs that could be advantageous from a tax point of view?

Who Should Attend

This program is ideal for attorneys who counsel clients on developing, purchasing or using technology in their daily businesses.

Program Level: Overview

Prerequisites: An interest in the legal issues posed by convergence of technology and legal services.

Advanced Preparation: None.

Intended Audience: This program is ideal for attorneys who counsel clients on developing, purchasing or using technology in their daily businesses.

Segments with an asterisk (*) are available only with the purchase of the entire program.

• Opening Remarks* [00:10:37]
  Daniel N. Budofsky
• NFTs in Commerce: Sales, Financings, Security Interests and Other Transfers [01:01:27]
  Prof. Andrea Tosato, R. Marshall Grodner
• Issues in Financial Regulation: The Applicability of the U.S. Securities Laws, Commodity Laws, and Other Financial Regulation to Various Use Cases of NFTs [01:02:34]
  Daniel N. Budofsky
• NFT Taxation: What Guidance Currently Exists and Using Established Tax Principles to Fill the Voids [01:04:12]
  Fotis Konstantinidis, Megan L. Jones, Prof. Jordan Barry

The purchase price of this Web Program includes the following articles from the Course Handbook available online:

• Complete Course Handbook
  
• Transfers of Interests and Transactions in Digital Assets
  R. Grodner
• Introducing Article 12 of the Uniform Commercial Code
  Andrea Tosato
• Memorandum and Order, Dufoe v. DraftKings Inc., No. 23-cv-10524-DJC (D. Mass. 2024)
  Daniel Budofsky
• Order Granting in Part and Denying in Part Defendants’ Motion to Dismiss Plaintiffs’ Amended Complaint, Harper v. O’Neal, No. 23-21912-CIV-MORENO (S.D. Fla. 2024)
  Daniel Budofsky
• Department of the Treasury, Illicit Finance Risk Assessment of Non-Fungible Tokens (May 2024)
  Daniel Budofsky
• U.S. Securities and Exchange Commission, Commissioner Hester M. Peirce and Commissioner Mark T. Uyeda, Statement, NFTs and the SEC: Statement on Impact Theory, LLC (August 28, 2023)
  Daniel Budofsky
• Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Making Findings, and Imposing a Cease-and-Desist Order, In the Matter of Impact Theory, LLC, Securities Act Release No. 11226, Admin. Proc. File No. 3-21585 (August 28, 2023)
  Daniel Budofsky
• Complaint, Mann v. Securities and Exchange Commission, No. 2:24-cv-01881 (E.D. La. 2024)
  Daniel Budofsky
• Securities and Exchange Commission v. W. J. Howey Co., 328 U.S. 293, No. 843 (1946)
  Daniel Budofsky
• U.S. Securities and Exchange Commission, Commissioner Hester M. Peirce and Commissioner Mark T. Uyeda, Statement, Collecting Enforcement Actions: Statement on Stoner Cats 2, LLC (September 13, 2023)
  Daniel Budofsky
• Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Making Findings, and Imposing a Cease-and-Desist Order, In the Matter of Stoner Cats 2, LLC, Securities Act Release No. 11233, Admin. Proc. File No. 3-21655 (September 13, 2023)
  Daniel Budofsky
• Summary of New Tax Regulations Regarding Digital Asset Transactions
  Jordan Barry
• NFT Taxation: What Guidance Currently Exists and Using Established Tax Principles to Fill the Voids (Substantive Outline)
  Megan Jones
• Considerations in NFT Valuation Methodologies
  Fotis Konstantinidis

Presentation Material

• NFTs in Commerce: Sales, Financing, Security Interests and Other Transfers
  R. Marshall Grodner, Prof. Andrea Tosato
• Issues in Financial Regulation: The Applicability of the U.S. Securities Laws, Commodity Law and Other Financial Regulation to NFTs
  Daniel N. Budofsky
• Discovering NFTs: What Your Company Needs to Know About NFTs in 2024 (PowerPoint slides)
  Megan L. Jones
• NFTs: New Administrative Guidance on Compliance and Enforcement
  Prof. Jordan Barry
• Considerations in NFT Valuation Methodologies
  Fotis Konstantinidis

Why You Should Attend

Join our experienced faculty as they explore the unique and cutting-edge legal issues arising out of the growing legal landscape around NFTs and learn how to the rapid evolution of blockchain technology can have a direct impact on your clients’ businesses and the legal issues that you must confront on a regular basis around a constantly shifting legal landscape.

What You Will Learn

After completing this program, participants will be able to:

• Understand how NFTS are used in business transactions, including using NFTs as collateral, perfecting security interests in NFTs, and valuation
• Know financial issues surrounding NFTs including securities laws, money transmission laws and regulations, AML, OFAC prohibited countries and potential risks and strategies around use of digital currencies
• See how federal and state tax laws and regulations apply to NFTS. Are there any business strategies in connection with NFTs that could be advantageous from a tax point of view?

Who Should Attend

This program is ideal for attorneys who counsel clients on developing, purchasing or using technology in their daily businesses.

Program Level: Overview

Prerequisites: An interest in the legal issues posed by convergence of technology and legal services.

Advanced Preparation: None.

Intended Audience: This program is ideal for attorneys who counsel clients on developing, purchasing or using technology in their daily businesses.