In this episode of Block and Order hosts Kyle Lawrence and Moish Peltz are joined by Professor Ed Lee from Santa Clara Law to discuss the intersection of legal issues with NFTs and intellectual property (IP) in the web3 world. They explore how existing laws can regulate fraud within the NFT sector, the implications of NFTs on creators’ rights, and the challenges AI-generated works face regarding copyright protection. The conversation also considers the future regulatory landscape and practical solutions for protecting creators in the evolving digital asset market.

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Check out more from Professor Ed Lee:

• Santa Clara Law
• Creators Take Control 
• Chat GPT is Eating the World 
• NFTs as Decentralized Intellectual Property 
• Copyright Re-Alignment: The Growth of New Works Outside the Copyright System
• The Original Public Meaning of Investment Contract 

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Chapter Markers:

00:00 Welcome to Block and Order

03:53 Introducing Professor Ed Lee

05:09 Confident in NFT utility despite market challenges.

10:14 Athletes embrace crypto; memecoins challenge NFTs.

13:29 Nike preemptively shut down Artifact amid crypto buzz.

16:35 Bored Ape Yacht Club faces significant development challenges.

20:32 Pudgy Penguins, Doodles revitalized; SEC focus waning.

22:28 Celebrity involvement in NFTs dwindled amid SEC scrutiny.

26:20 Unclear SEC rules hinder NFT distribution rights.

29:30 Supreme Court cases interpret investment contracts’ terms.

33:29 Existing laws partially address NFT fraud issues.

38:49 Web3 IP protection values NFTs over copies.

43:52 Web3 monetization challenges mirror metaverse and AI.

45:49 Copyright Office’s stance on AI works unsupported.

48:46 Support copyright for AI-assisted creators; promote innovation.

53:24 D.C. circuit likely to affirm Copyright case.

56:49 AI tool usage risks copyright and IP rights.

58:56 Follow AI IP disputes.

 

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Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.