Fellow member Amber Anderson, CEO & Founder of Tote + Pears, invited Lane Campbell, Principal at Bitcoin Advisors, Matthew Moisan, ECVC attorney at Crowell & Moring LLP, and Brandon Ginsberg, CEO at ApparelMagic, for an interactive discussion around Blockchain technology and how it's disrupting almost every industry. Lane provided the group with a Blockchain overview, Matthew provided insights around the legal and compliance aspects, and Brandon closed the discussion with an NFT overview.

Check out key insights and resources from our speakers below!

• Blockchain is considered decentralized; you're responsible for what happens if it is hacked.
• Smart contracts are simply terms of agreements on a blockchain that run when purchasing an NFT.
• NFTs prove you have ownership rights to a digital product.
• There's a list of rules associated with buying and selling something handled by smart contracts. If you're selling an NFT, you're dealt an encryption key called tokens.
• Art is just the first mainstream way NFTs are being used. Fashion, collectibles, music, gaming are up and coming.
• DAO (Decentralized Autonomous Organization) organizes people and their interests on the internet using the blockchain. 
• Each state is creating its own rules and laws around blockchain. There aren't any centralized mandates yet. 

Ethereum.org has some excellent references:

• https://ethereum.org/en/nft/
• https://ethereum.org/en/dao/

Weekly newsletter on the latest in the NFT space:

• https://www.palmtreenft.com/
  

Are you interested in being a part of the YEC Beyond The Horizon group? Check out their upcoming events and register to be notified here.  

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