Blockchain, Web 3.0, NFTs, and DAOs! And a Special Business Attorney Guest

08/17/22 • 30 min

J.D. and Matt interviewed Business Attorney Victor Look of Look.law. He's an expert in helping web 3.0 companies form and stay protected as they grow and sell their digital/block-chain backed goods/services. He walked us through the basics of the blockchain, and the development of the web from 1.0 (static), to 2.0 (interactive), to 3.0 (distributed ownership interactive). He then laid out the fact that many developers who are forming DAOs are doing so without legal protection of state formation and are therefore vulnerable to being individually named in a law suit without any corporate veil. We all three then took a Bold Bite out of a Shark Tank episode where Round21, a digital art/NFT company was seeking $250,000 for just 5% of their business got a deal for $250,000 for 10% from Mr. Wonderful. Matt critiqued the business for only having ONE goods/services classification in Sporting Goods, it looked like an oversight to not seek Class 9 for NFTs.

Support the show

Have an invention or brand to protect? Or just curious about learning more? Download our FREE Inventor Kit here: https://keap.page/gw292/inventor-kit.html
DISCLAIMER
Everything discussed on this podcast is for informational purposes only and not for the purpose of providing legal advice.

Support the show

Previous Episode

Cannabis and Patents: Eligibility, Types of Inventions, and a Special Guest!

J.D. and Matt hosted Bold Client, Mike Randal of Tasty Infusion, a Washington based company that leverages its newly patented infusion method for cannabinoids into various edibles including popcorn, chicken wings, fries, coffees, etc. He's just landed some investment and will begin manufacturing in California. He walked our live audience through his journey through pain management with his sciatic pain and how CBD and other natural remedies was the answer. We then took a Bold Bite out of a Shark Tank show where a company called Incredible Eats was seeking investment in their unique (non-cannabis) consumable utensils. Matt gave their team high praise for their trademark application and the way in which it was filed and JD corrected the founder by mentioning that their patent was still pending, and because of how broadly they claimed the invention (flour + binder) they are likely too broad to get through. The show wrapped up with JD, Matt, and Mike answering live questions from the LinkedIn, YouTube, and Facebook audiences.

Support the show

Next Episode

Web 3.0 + Back to School Inventions w/J.D. Houvener of Bold Patents

J.D. and Matt discussed web3.0 products/inventions and the trademark implications for many business owners in that space. We fielded a few live questions regarding how to protect web3.0 inventions and the type of claim structure involved.
We did a Bold Bite of a recent shark tank pitch from Qball, which is a smart microphone inside of a soft ball that can be passed around a classroom, office, auditorium, and their utility patent application (still pending) functions to actually mute the microphone when it is either moving or not facing up toward the speaker's mouth.
We wrapped up by talking Minnesota hot sauce and why trademarks must be more than merely descriptive in order to be registrable.

Support the show