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Legal Issues with Blockchain-Based Crypto Games and Collectibles

By James Gatto on May 1, 2018

Read the full article here.

An excerpt:

“The use of blockchain technology for crypto games and token-based digital collectibles is on the rise. One of the first crypto games of note was CryptoKitties. It may turn out that CryptoKitties becomes to crypto games what Pokémon Go was to location-based AR games. Both became huge successes overnight and raised awareness of the opportunities for their respective genres of games. CryptoKitties, which recently raised $12 million, involves crypto games and digital collectibles. Many other crypto games and collectibles have followed. So, too, have crypto goods marketplaces, such as Rarebits, which recently raised $6 million. These offerings have tremendous potential. But, as always, these new opportunities raise potential legal issues.”

  • Posted in:
    Corporate & Commercial, Technology and IT
  • Blog:
    Law of the Ledger
  • Organization:
    Sheppard, Mullin, Richter & Hampton LLP
  • Article: View Original Source

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