UNIVERSITY OF MIAMI SCHOOL OF LAW — The University of Miami School of Law is the first law school in the country to offer a course in non-fungible tokens, or NFTs, through its Entertainment, Arts, and Sports Law postgraduate program. NFTs are unique, blockchain-based digital tokens that have been inextricably associated with a piece of content – most often digital. NFTs can be bought, sold, and traded; and when NFTs are minted in limited editions, that rarity can help drive value in the marketplace. “NFTs are a hotly discussed topic and bring rise to many compelling legal concerns,” said Greg Levy, director of EASL. “At a time when very few are even aware of the existence of NFTs, it is a rapidly changing corner of the collectible market. Our EASL program continues to endeavor to lead the country in educating our students on cutting-edge developments and arming them with the practical skillset to have a leg-up and practice in this space. “There is no one better suited to teach this inaugural class than Steve Krause, who was able to lean on his deep background in the industry with Dapper Labs to deliver an incredibly practical and engaging course,” Levy said. Students in the course negotiated four components of a contract between a game developer and a large IP licensor for the development of an NFT-based game, including the license scope, intellectual property ownership issues, users’ rights in their purchased NFTs, and ways to establish the deal value.