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Entertainment & Sports

Apr. 30, 2021

Music attorneys must take a proactive role in non-fungible tokens

In the first quarter of 2021, artists like 3LAU, Kings of Leon, and Grimes sold non-fungible tokens and earned seven and eight-figure sums. Not surprisingly, buzz about NFTs is abundant, making it difficult to determine whether NFTs represent a fad, a medium shift, or simply a rebranding of previously accessible tools.

Steve Gagliano

Director of Legal Affairs
Extreme Music and Bleeding Fingers Music

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In the first quarter of 2021, artists like 3LAU, Kings of Leon, and Grimes sold non-fungible tokens and earned seven and eight-figure sums. Not surprisingly, buzz about NFTs is abundant, making it difficult to determine whether NFTs represent a fad, a medium shift, or simply a rebranding of previously accessible tools.

Regardless of potential utility, music attorneys must proactively develop best practices and blockchain standards wi...

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