ArentFox Schiff Makes History as First Major US Law Firm To Enter the Metaverse
ArentFox Schiff is pleased to announce it is the first major law firm in the country to join the Metaverse by acquiring a land site in Decentraland, as reported by The American Lawyer on February 15. Previously, ArentFox Schiff advised PwC in becoming the first internationally recognized professional services network to publicly enter the Metaverse.
"ArentFox Schiff has a long history of advising companies at the forefront of new technology trends – and leading as an early adopter in those trends. This includes being one of the first major law firms with a website on the internet," said ArentFox Schiff Chairman Anthony V. Lupo. "ArentFox Schiff is opening an office in the Metaverse because that's where our clients are going. We like to point to our tagline as 'Smart In Your World' – and now our clients' world includes the Metaverse. We understand that serving as go-to advisors on blockchain and digital asset business issues means playing a part in shaping this new frontier."
ArentFox Schiff 's Blockchain, Crypto & Metaverse group counsels global brands on the opportunities and challenges presented by both sides of the coin: the onchain or blockchain natives and the offchain looking for counsel around entry and protection. That includes advising clients in every pillar of the Metaverse technology stack, particularly software and game developers, AR/VR hardware manufacturers, digital asset marketplaces, and brand owners looking to monetize their intellectual property.
On March 1, Arent Fox will merge with Schiff Hardin (read more here), further expanding the firm's capabilities.
"We are counseling global fashion brands, professional sports teams, athletes, media companies, and NFT creators on leading-edge deals that involve venture financing, token protocol development, licensing and royalty structures, and SEC regulatory compliance," said Blockchain & Digital Assets Partner James Williams. "The Metaverse offers new possibilities for brands to create value and engage their customers. A key part of advising on this new wave of technology is taking part in it."
ArentFox Schiff 's Blockchain, Crypto & Metaverse team has recently advised:
- Fortune NFTy 50 NFT creators and blockchain venture funds in financing transactions
- Cable networks, global fashion brands, and internationally acclaimed artists in NFT development, minting, custody, and platform partnership agreements
- NFL, NBA, and MLS teams on crypto sponsorships
- Professional athletes and media companies in connection with blockchain game development
- Cryptocurrency payment processors
- National brands on private blockchain (hyperledger) implementations