Sep 14, 2023

Leichtman Law PLLC managing partner David Leichtman discusses the significance of resale royalties for NFT (non-fungible token) creators in the wake of the SEC cracking down on the creator of Stoner Cats.

Video transcript

He certainly should be getting advice from counsel, um who are familiar both with the securities um, laws and intellectual property uh laws. And, you know, one of the sort of ironies of this is that, you know, in the ordinary art world, um we don't have resale royalties, right? When the, when there's a sale on the secondary market and, you know, part of what is attractive for NFTS for creators is the ability to obtain resale royalties from the smart uh from the way smart contracts uh work. And so resell royalties are, are wonderful, but the more control that you exercise over future sales and the more that you involve yourself in promotion and marketing, um of what you are suggesting to the purchasers, the benefits will be of, of investing in it as opposed to just trying to get your content out there, then the closer to that line, you're gonna be.

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