Insights on AI, Metaverse & Blockchain

ArentFox Schiff Firmwide Co-Managing Partner Joseph Krasovec was quoted on the official opening of the firm’s office in the Metaverse, making it the first major US law office in the digital world.

ArentFox Schiff is pleased to announce that its office in the Metaverse is now open for business, becoming the first major US law firm to build and launch an office in this new virtual world.

The Metaverse presents a variety of possibilities: from technology that enables digital content to be laid over the real world to application of real-world characteristics to a purely online environment.

Imagine having the capability to watch a Major League Baseball game through the eyes of the batter, stand on the sidelines next to your favorite player during the Super Bowl or watch each play of a game from different viewpoints in your own home.

The US Securities and Exchange Commission (SEC) has filed an enforcement action against crypto influencer Ian Balina in the Western District of Texas alleging that he promoted unregistered securities in connection with the Initial Coin Offering (ICO) of Sparkster, Ltd.’s Sparkster tokens (SPRK).

As the founder of iGroup and iGrow, Anastasios Economou weighs in on the future of crypto, NFTs, and the impact of the Metaverse on companies.

Crypto-asset transactions are rapidly growing in popularity. However, a surge of cybersecurity breaches and hacker attacks on cryptocurrency exchanges and cryptocurrency wallet service providers has caused billions of dollars in crypto-asset losses to its owners.

Dan Jasnow was quoted on the current privacy practices, or lack thereof, in the Metaverse to address consent laws regarding biometrics and other personal data.

ArentFox Schiff Chairman Anthony V. Lupo was featured on News Nation’s “Morning in America” program as part of a special television news series called “Surveillance State” about privacy and personal security issues in the Metaverse.

The Biden Administration, after ordering a series of reports on the risks and potential benefits of cryptocurrency and digital assets in its March 9, 2022, Executive Order (EO), has now published the “Comprehensive Framework for Responsible Development of Digital Assets,” (Framework).

Sarah Fitts will moderate at the Young Professionals in Energy NYC live panel discussion on September 22, 2022.

In a new report issued September 8, the US Office of Science and Technology Policy (OSTP) outlines the environmental and energy impacts of cryptocurrencies and digital assets and calls for the development of federal and state regulations to mitigate those impacts going forward. 

Media & Entertainment Industry Team Co-Leader Michelle Cooke was quoted on intellectual property issues related to an NFT owner’s McDonald’s-themed restaurant called McRTFKT’s built in the Metaverse that has no affiliation with the restaurant chain.

Join Matthew Nolan for the 12th SIPS Symposium on Sustainable Development.

The Metaverse stands to disrupt nearly every industry – fashion, media and entertainment, real estate, sports, the list goes on – presenting immense possibilities and potential risks. We have created the ArentFox Schiff Industry Guide to the Metaverse to answer questions and anticipate concerns.

The use of cryptocurrencies for online purchases has been steadily gaining popularity. However, using crypto to pay for goods in stores has been slow due to the lack of infrastructure that can support crypto transactions.

The Metaverse is widely regarded as the next frontier in digital commerce, with organizations spending millions of dollars securing a presence by buying digital real estate and investing in platforms to be market leaders.

Although the emergence of virtual “real” estate in the metaverse presents a unique opportunity for the commercial real estate industry, there are risks associated with virtual real property.

The life sciences and pharmaceutical industry is investigating potential applications in the Metaverse to reduce costs, increase efficiency, and develop novel functionalities.

On May 13, 2022, a Singaporean man won a worldwide injunction prohibiting the transfer of ownership of a Non-Fungible Token (NFT) at the center of a dispute between him and an online persona with the screen name of “chefpierre.”

Buying a car has evolved from the days of brick and mortar dealerships to e-commerce, where consumers can select their preferred dealer, reserve, order, finance, and purchase a new or used vehicle in a seamless transaction. Is the metaverse the next evolution for buying a car?

The interactive tools that the metaverse offers are a perfect complement to a crucial component of the sports industry: fan engagement. And with an influx of industry players establishing a presence in the metaverse, the way we consume sports may transform sooner than we think.

“Metaverse” is no longer a mere buzzword. Many industries are discovering and developing applications for the Metaverse, and the pharma and biotech industry is no different.

The metaverse is widely regarded as the next frontier in digital commerce, with businesses across all industries spending millions of dollars to acquire a digital presence for positioning as market leaders.

Anthony Lupo and Ricardo Fischer attend the 2022 ASIPI Conference in Costa Rica and speak on the metaverse.