Japanese law firm GVA steps up efforts for NFT, Web3 businesses
Japan-based law firm GVA has started converting some of its legal articles into NFTs as it gears up for new businesses arising in the Web3 era.
The articles included one entitled “Regulations on Non-Fungible Tokens,” which has been converted into NFTs and put up for sale on leading NFT marketplace OpenSea, GVA said on August 1.
The article was first published on GVA’s website in November 2020 by Naoya Kumagai, a lawyer at the firm. The NFTs allow their buyers to publish the related legal articles on the internet and potentially generate page views.
GVA provides legal services with a focus on supporting start-ups and venture businesses, and in order to cater to new businesses in the Web3 era, it has reformed its “Blockchain Team” into the “Web 3.0 Team.” The team will provide support for business areas ranging from ICOs and IEOs, security token businesses and Defi-related consultations, and has most recently focused on legal support for NFT businesses.
The Web3 team would use the legal article NFTs and knowledge gained from the firm’s NFT launch, its selection of a sales platform and research on token sales on OpenSea, as resources when providing legal services for clients.
Kumagai will discuss NFT sales further during an online seminar on August 26. The seminar is entitled “Legal article NFT publication starts: The legal points of NFT sales.”