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Paul Zimmerman
pzimmerman@mrllp.com
310.299.5500

Showing 4 posts from April 2022.

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5 Ways Blockchain Technology Will Change The Legal Industry

Blockchain technology is changing the world as we know it. Indeed, the investment opportunities it has spawned—namely, cryptocurrency and NFTs—have captured imaginations worldwide.

Headlines about newly minted crypto millionaires and eye-popping NFT deals aside, there are many questions surrounding blockchains (both private and public), including uncertainty about who bears responsibility for maintaining privately-owned blockchains versus public ones that are sustained by way of mining requirements or gas fees. (Read More)

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Athletes Aren’t Changing the Collegiate Playing Field, NIL Deals Are

Eight million dollars. That’s the mind-bending potential value of an NIL deal recently signed by a 2023 five-star football recruit—a kid still in high school who’s now positioned to join the seven-figure club by the time he’s a college senior.

NIL deals were also front and center during March Madness. Several men’s and women’s basketball players participating in the tournament were endorsing footwear, apparel and the like in exchange for big bucks. (Read More)

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How NFTs Are Rockin’ the Music Industry

Just over a year ago, Michael Winkelmann—better known as Beeple—shook the art world when an NFT of his work, a digital collage titled “Everydays: The First 5000 Days, sold for $69 million through an auction at Christie’s. Some would say this is the eye-popping sale that cemented the NFT craze that continues to make headlines.

Since then, NFTs have expanded well beyond fine arts. In fact, non-fungible tokens have exploded, creating new business models across industries. This includes the music space, which has joined the chorus of NFT innovation. (Read More)

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For Cyber and Data Security, Companies Are Only as Strong as Their Weakest Links 

Cybercrime is on the rise and continues to come in all shapes and sizes. Late last month, it was discovered that hackers gained access to the underlying blockchain that powers Axie Infinity, a very popular NFT-based online video game, and stole the equivalent of $625 million in cryptocurrency. The breach represents the second biggest hack in crypto history. (Read More)