NFTs from a Bermuda regulatory perspective

Appleby Bermuda Shorts | Tech Talks S01 E05NFTs – where creativity and regulation can converge. Welcome to the intriguing world of NFTs – or non-fungible tokens – which can sell for millions of dollars or for nothing at all. NFTs continue to grab news headlines, in particular with the likes of artists, gamers, sports teams and celebrities stepping into the NFT realm. And yet what exactly are NFTs? What is the process of creating an NFT? How are they used, who uses them and why, and can they be regulated?In this ‘Tech Talks’ series episode of The Appleby ‘Bermuda Shorts’ podcast, partner Jerome Wilson and associate Carl Meyer, delve into NFTs from a regulatory, creator and consumer/platform angle. From smart contracts, to intellectual property, to where NFTs fall under Bermuda’s Digital Assets Business Act (or DABA) and what the regulator wants to understand about a NFT-related business looking to launch from Bermuda, they examine aspects of the ever-evolving NFT space and what lies ahead for these unique digital assets.Listen to learn what you need to be thinking about from a legal and regulatory perspective when entering this new arena. Whether you are a creator, a platform or looking to invest in a platform, Bermuda’s legislation is unique and forward-looking enough to cover all these activities and allow them to flourish in a safe, regulated environment. Let’s talk about your plans and ideas – we would love to work with you: Contact us here. The Bermuda Shorts Podcast SeriesThe Appleby ‘Bermuda Shorts’ podcast features short talks on all things business and Bermuda with our lawyers from Bermuda and other industry experts. Our ‘Tech Talks’ series focuses on topics and trends in technology which are transforming businesses, markets and everyday life. Listen to learn more about Appleby, Bermuda and our Technology expertise, and subscribe to hear the latest episodes.About ApplebyAppleby is one of the world’s leading international law firms. Our global teams of legal specialists advise public and private companies, financial institutions and private individuals. We are a full service law firm providing comprehensive, expert advice and services across corporate, dispute resolution, property, regulatory, and private client and trusts practice areas. We have offices in ten highly regarded, well-regulated global locations, operating in nine and practising the laws of eight jurisdictions. Our office locations include the key international jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Isle of Man, Jersey, Mauritius, and the Seychelles, as well as the international financial centres of Hong Kong and Shanghai...