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

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.

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DISCLAIMER
Everything discussed on this podcast is for informational purposes only and not for the purpose of providing legal advice.