Home Metaverse The Courts and the Metaverse – Service of Process through NFTs and Other Innovations | Barnea Jaffa Lande & Co.

The Courts and the Metaverse – Service of Process through NFTs and Other Innovations | Barnea Jaffa Lande & Co.

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The Courts and the Metaverse – Service of Process through NFTs and Other Innovations |  Barnea Jaffa Lande & Co.

Source: news.google.com

In several recent precedent-setting rulings, courts in England and New York have allowed plaintiffs in fraud cases involving crypto assets to complete the service of legal process to unknown defendants directly on the blockchain by depositing an NFT on a digital wallet to which the defendants have access. . Said NFT will contain a link to the folder containing the legal documents. The plaintiffs will thus fulfill their obligation to inform the defendants and serve them with legal documents.

This is nothing short of a revolution when it comes to bringing the court system to reality in the digital age, where the number of litigation cases involving matters in the virtual and crypto realm is constantly increasing and the use of crypto assets and coins is constantly increasing. .

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