Business issues when structuring deals in the metaverse

After a brief introduction to non-fungible tokens (NFTs) and the metaverse, including an explanation of the various and multiple metaverses that currently exist (collectively referred to as the ‘Metaverse’), Joel Smith, along with associate Andrea Constantine, discussed what to consider when structuring deals in the metaverse, such as selling an NFT. Joel said that managing and allocating contract risk is critical to setting up virtual stores, offering digital assets, and opening new platforms in the Metaverse. Andrea emphasized that, to avoid disputes, it is important to be precise about what you are (or are not) selling, configuring or offering access to, in terms of the digital asset, the virtual store…