Philadelphia Volunteer Lawyers for the Arts, in collaboration with the new Center for Law and Transformational Technology at Drexel University’s Thomas R. Kline School of Law, is pleased to present a two-hour CLE webinar on the fascinating legal and practical issues raised by the recent proliferation of non-fungible tokens (NFTs), scheduled for Friday, September 24th from 1:00 – 3:00 pm (EST).
From the now famous sale by Beeple of his digital art collection for $69 million, to the “burnt” Banksy (or pseudo-Banksy) sale, to Tom Brady’s NFT platform (Autograph), it seems that everyone is getting involved in NFTs. But WTH is an NFT anyway? That esteemed source Investopedia tells us that NFTs are cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can be used as a medium for commercial transactions.
This program will unpack these concepts within the structures of intellectual property and tax laws. Our panel will explore the many legal issues surrounding what it is the people own when they acquire NFTs, what rights they have, what pitfalls they face. We will also explore the tax ramifications of buying an NFT with cryptocurrency and the tax ramifications of NFT ownership and ultimate sale. We are honored to have the following panel of esteemed professionals joining us to present this webinar:
- Ron Dreben | Morgan Lewis: Ron has been at Morgan Lewis in the trademark/copyright group for 33 years. He provides advice in connection with mergers, acquisitions, and licensing arrangements, as well as trademark, copyright, trade secret, and related IP law. Over the years, Ron has gravitated toward issues where IP and technology converge. Recently, he has spoken on artificial intelligence and copyright and published on NFTs and copyright.
- Jordan L. Fischer | Drexel University Thomas R. Kline School of Law: As the Director of Drexel’s Center for Law & Transformational Technology, Professor Fischer brings an interdisciplinary approach to her teaching, exploring the convergence of the law and technology through research on data privacy and cybersecurity to understand the practical implications of regional data protection regulations within a backdrop of the global economy. In addition to teaching, Professor Fischer is the Global Privacy Lead at Beckage, where she focuses on international data privacy and cybersecurity and cross-border data management, with an emphasis in European Union data privacy regulations, the General Data Protection Regulation and the California Consumer Privacy Act.
- Ameya (“Arun”) Paradkar | Blank Rome: Arun concentrates his practice in intellectual property matters, with a particular focus on patent litigation and counseling in software and biotechnology. He has experience in authentication, encoding, rendering, database, blockchain, and artificial intelligence technologies, as well as in pharmaceuticals. Arun is experienced in prosecuting software, biotechnical, and electro-mechanical technologies before the USPTO and in the management of trade secrets and license agreements, while also litigating in those areas. Arun has presented on patent issues related to blockchain technologies at the USPTO and published on the patentability of artificial intelligence and blockchain.
- Kirk Phillips, CPA, CMA, CFE, CBP | Global Crypto Advisors: Kirk is Managing Director of Global Crypto Advisors, a boutique crypto CPA firm. He is Author of the Ultimate Bitcoin Business Guide™, the AICPA Blockchain Fundamentals course, Lukka Library white papers and numerous other publications. He is a member of the AICPA Virtual Currency Task Force, AICPA~ISACA Blockchain Risk Working Group, and regularly speaks and educates CPAs and attorneys about the crypto and blockchain space.
- Fred Wilf | Wilftek: Fred practices intellectual property and technology law with his law firm, Wilftek, a small firm that has big firm experience. Since 1985, he has worked in law firms of all sizes, and as in-house counsel. Fred and his team work with clients on their business, technology and intellectual property issues in technology industries, including information technology and the online universe, chemicals, life sciences, electronics, and mechanical products. For several decades, Fred has worked as a volunteer with PVLA, and has planned and participated in many continuing legal education seminars.
Philadelphia Volunteer Lawyers for the Arts (PVLA) is a non-profit legal services organization that has served individual artists and arts & cultural organizations throughout the greater Philadelphia area since 1978 by providing attorney referrals for pro bono legal representation and counsel, as well as providing educational and advocacy services.
The Center for Law and Transformational Technology at Drexel University’s Thomas R. Kline School of Law brings together key stakeholders, including legal and technological scholars, industry leaders, activists, regulators and other experts from across the country and the world. The Center supports concrete efforts to gauge the legal impact of transformational technology, promote critical conversations about the role of law in technological change and bring legal experts into interdisciplinary conversations with researchers and developers at all stages of design and development.
This program is eligible for up to 2.0 hours of PA CLE credit, including 1.0 hour of ethics credit (Reciprocity in New Jersey and New York).
PA attorneys seeking CLE Credit: $25
*Non-CLE Attendees: Free