32: Tokenization of IP Rights and NFTs in Commercial Finance
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Show Notes
In our increasingly digital economy, cryptocurrencies and non-fungible tokens, or NFTs, have gained popularity for everything from consumer transactions to securities. In this episode, Baton Rouge attorneys Drew Patty and Marshall Grodner discuss how digital assets are being used and regulated, especially in the commercial context regarding collateral and intellectual property. They touch on how NFTs are being used to monetize IP rights now (and how they may be used in the future), the risks and considerations of using "smart contracts," particular issues for securing and perfecting tokenized transactions, and the evolution of the Uniform Commercial Code (UCC) and state laws in governing these transactions.