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Dr. Yunlai Zha is an associate in the Intellectual Property Practice Group in the firm's Silicon Valley office.

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With the advent of blockchain technology, vendors are increasingly accepting payments of goods, including artwork, with digital currency. The decentralized nature of digital currency makes it attractive for a lot of reasons, but it also makes legal oversight a challenge. Add to that the emerging (or already emerged) high-value market for digital art. For example, Beeple’s Non-Fungible Token (“NFT”) collection sold for more than $69 million at an auction, and a CryptoPunk NFT sold for $23 million.
Continue Reading Money Laundering and High-Value Art: Treasury’s Study Discusses Financial Crimes and NFTs

About

Dr. Yunlai Zha is an associate in the Intellectual Property Practice Group in the firm's Silicon Valley office.

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