building something new ✨ | investor @therealdaojones | prev partner at DIGITAL, general counsel of $USDC @coinbase @ropesgray | tweets ≠ legal advice
Oct 5, 2022 • 5 tweets • 1 min read
Copyright is copyright, regardless of the canvas, whether it be paper, digital or someone's body - as in the case of tattoos.
Tattoo artist wins lawsuit against Take-Two Interactive for unlicensed use of her designs on wrestler Randy Orton in WWE games. Court finds no fair use.
(1) In case there is ambiguity, the artist owns the copyright to the tattoo, unless otherwise granted. Permission is usually needed to reproduce (absent an exception like Fair Use).
Oct 3, 2022 • 5 tweets • 2 min read
You've launched or invested in an MMO game, only to discover that criminals use it to communicate and move illicit funds. All the years of R&D, investment, marketing - only to be compromised by unintended, but arguably foreseeable uses of your platform.
Could this be you? 🧵
(1) If you’re building or investing in a game (esp. a web3 one with tokens and NFTs), do you know what laws and regulations apply to you?
May 30, 2022 • 7 tweets • 2 min read
Non-sequitur Monday AM musings :)
(1) The corporate ownership & incentive structure over the last 70+ years: Owners get paid > executives get paid > ordinary employees get paid (we’re here) > contributors everywhere get paid (we’re going here). With DAOs, we’re changing history.
2) The modern corporation emerged in the 1800s, but stock options didn’t become popular until 1950, when the Revenue Act allowed execs to sell their options at capital gains rates (vs ordinary income). By the 1960s, stock options were found in 50%+ of exec. comp. packages.
May 29, 2022 • 20 tweets • 4 min read
(1) A DAO was formed. The DAO got hacked. And now, the DAO and its members have been slapped with a putative class action lawsuit. Here’s what happened 🧵
bZx is a defi protocol for “tokenized margin trading and lending”.
bZx was originally developed and controlled by two LLCs, which was controlled by 2 co-founders. Control was then transferred to bZx DAO and “controlled” by anyone who held a BZRX token.
Sep 9, 2021 • 10 tweets • 2 min read
1/10 Do you buy, sell, or trade NFTs? If so, let’s talk about your tax implications to make sure you’re prepared during tax season 🧵
2/10 NFT transactions are subject to taxes. Given the massive run-up in prices of some NFTs, your tax burden can be quite substantial, so it is important to plan ahead.
