Music Ally Focus #30: the (many) hidden legal complications when you sell a music NFT – with special guest Adrian Perry, partner and co-chair of Covington & Burling LLP's Music Industry practice

Some musicians are finding NFTs irresistible, seeing them as a new way to connect with fans, make money – and sell slices of their music rights. It seems very easy to sell a small percentage of, for instance, your master recording copyright – with potentially huge rewards. But, warns this week's special guest, there are many ways you could get caught in a tricky situation that you may not have considered – including anti-money laundering laws, securities laws, international tax issues, and the highly volatile nature of cryptocurrency itself. Adrian Perry is partner and co-chair of Covington & Burling LLP's Music Industry practice, and is eager to help musicians and rights owners understand these hidden legal risks.  He's no NFT-sceptic, and is enthusiastic about the space – so he helped Music Ally's editor Joe Sparrow  understand the associated risks, and how to navigate them.  Here's more info on Adrian: https://www.cov.com/en/professionals/p/adrian-perry 👋 Music Ally’s free weekly newsletter, The Knowledge: musically.lnk.to/knowledgepo Ⓜ️ Subscribe to Music Ally's industry-standard analysis, reporting and news: musically.com/subscribe Instagram: https://www.instagram.com/musicallybiz Twitter: https://twitter.com/musically Facebook: https://www.facebook.com/musicallyfb