The market for Non-Fungible Tokens (NFTs) has boomed over the past year. Businesses and asset owners have been creating and selling NFTs representing a range of assets, whether digital or physical, including internet memes, digital images, event tickets and memorabilia.
Notable examples include the sale of an NFT representing the original source code for the World Wide Web, written by the Web's inventor, Tim Berners-Lee, for USD5.4 million, and the first tweet of Twitter's CEO, Jack Dorsey, for USD2.9 million.
The growing interest in NFTs is further driven by the potential for creating new revenue streams. NFTs, and the blockchain technology on which they are founded, offer asset owners the opportunity to generate significant revenues in a new and innovative way, for example, by creating and selling fractions of assets as digital representations. Assets which would have previously proved difficult, if not impossible, to sell, such as the tweets or the source code referred to above, can be monetised through issuing NFTs. Asset owners can even sell an NFT in respect of the digital representation of a physical asset, while still owning (or separately selling) the underlying asset at the same time.
However, as with any asset class, it is important that investors consider the risks as well as the potential rewards.
GANT & GACO are very happy to announce a joint webinar where participants will obtain an insight into the fast growing market of NFTs. Furthermore, you will be made aware of the potential risks and opportunities involved as well as obtain useful information on how to fulfill local and international compliance requirements whilst tapping into this very interesting and rewarding market.
GANT & GACO were able to secure the following very high level speakers for this event:
Omri Bouton - is an Associate in the Intellectual Property, Digital Media and Technology Groups at Sheridans. Omri specialises in financial technology, cryptographic assets, distributed ledger technology, intellectual property rights, and related commercial and privacy matters, and combines the above areas to assist clients with launching and structuring their non-fungible tokens (NFT) projects. Omri is dual qualified and has gathered substantial experience advising on cryptographic assets and distributed ledger technology (including blockchain) from his work as a financial technology lawyer in Gibraltar.
Barbara Halasek - is the Head of Regulatory Affairs in Coinfirm responsible for regulatory compliance area within Coinfirm products. Formerly a Financial Crime Compliance Officer for UBS Investment Bank, she has an extensive experience in a variety of AML compliance matters- including KYC, Sanctions and Anti-Bribery advisory. She has been leading a Compliance Delivery function in UBS covering not only AML advisory matters, but wider Compliance related teams (marketing materials compliance advisory, monitoring & surveillance, compliance assurance). Within UBS she was also acting as a senior FinCrime Compliance expert in the re-definition of UBS Global Target Operating Model for Client Onboarding. Moving from wider compliance to an operational focused environment, she has been EMEA KYC Policy Lead for Deutsche Bank responsible for the roll out of global KYC standards in EMEA local offices. Her interest in technology supporting AML compliance resulted in the move to software sector. Before joining Coinfirm, she has been acting as Lead Domain Architect managing the global business architect function and defining business functionalities of KYC and AML related solutions at Pegasystems product suite. She holds an ICA International Diploma in AML and Software Development Higher Diploma from National College of Ireland.
Date: 9th February 2022
Time: 9.30 - 11.00hrs (Presentations 9.30 - 10.30hrs; 30 minutes Q&A)
Webinar fees: GANT/GACO Members: £35/Non-Members: £50
Click here for bookings.