By Kimberly Crain
The Washington-based non-fungible token (NFT) legal firm has officially launched its support department to improve the timely delivery of services. The NFT legal adviser (NFTLA) is a group of lawyers who guide the investor, developer, and consumer on the judicial procedure of settling digital collectible disputes.
The services provided by NFTLA include compliance with the regulators, intellectual property protection, and anti-fraud matters, among others.
Role of NFT Legal Adviser
On March 2, the NFTLA officially launched its NFT-related services to the crypto community in the US and other parts of the world. The team aims to ensure the buying and selling of NFT is secure and conforms with the authority.
Interestingly, the NFTs space continues to gain traction as more investors and consumers shift to digital collectible transactions. Besides the increased adoption of the NFT, investors, and users are exposed to endless financial crime, such as netting perpetrators and fraudulent schemes, necessitating legal teams to make bold moves.
The March 2 report revealed that the NFTLA team would leverage their legal skills and experiences to resolve NFT disputes amicably. The team pledged to shield the investors from bad actors in the crypto space.
In support of this, NFTLA co-founder Eric Dunham confessed that his legal team has vast experience with NFT laws and regulations necessary in dispute resolution. Dunham affirmed to support the NFT entrepreneurs and developers in legal matters.
NFTLA Services
According to Dunham, the NFTLA will offer various legal services, including taxation planning, regulation compliance, anti-money laundering, and other legal services.
Dunham confirmed that the legal team would support the NFT holder in protecting their assets against cyber crimes. The team will advise the investors on the suitable platform for NFT to maximize their investment value.
Also, Dunham disclosed that the legal team would provide technical support on integrating smart contracts into the blockchain network to expedite transactions. In his statement, Dunham confessed to working closely with clients to establish new NFT startups and assist them in attaining their long-term goals.
Dunham believes that NFT has massive potential to transform digital transactions and ownership. He stated that his team would continue supporting investors in navigating the NFT world.
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