A publication by DLA Piper - Many of the ICOs and SAFTs in 2017 were for the first amount of capital for the companies involved, and most of these companies did not have any traditional venture capital investors in their capital structure. We are seeing a new parallel trend, however, that is now emerging for startups with traditional venture capital funding: these companies are exploring how to “tokenize” their business to use blockchain technology and raise non-dilutive capital through a token generation event. These hybrid token offerings raise numerous questions for traditional investors.
A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. This guide explains what smart contracts are, and discusses some of their proporties as well as the legal challenges surrounding this new type of agreement.
The legal industry is often cited as ripe for disruption and in the same breath criticized for being slow to embrace change. This guide looks at the implications of blockchain technology for the legal industry.
Initial Coin Offerings or ICOs's are an increasingly popular method to raise capital. This guide gives an overview of the legal frameworks that are currently emerging around ICO's
