In the article “Pass, run, block(chain) and tackle,” NC Lawyers Weekly’s David Donovan discusses how Smith Anderson’s new Blockchain Technology practice is helping bring blockchain, “the technological innovation underpinning the entire cryptocurrency mania,” to an unexpected frontier: pro football.
Smith Anderson is representing the Fan-Controlled Football League (FCFL), a start-up launching the first initial coin offering (ICO) pre-sale on Indiegogo’s and MicroVentures’ newly announced global ICO platform.
With Smith Anderson’s counsel, FCFL successfully launched its token pre-sale in December 2017, offering bonus tokens in advance of a final utility token sale as a reward for early investor support. The company plans to enter the next stage of its ICO and sell tokens publicly in the first half of this year.
“The most promising way to make a packet off of blockchains is, of course, to be a lawyer who knows something about them,” Donovan says, noting FCFL’s ICO initiative is being led by Smith Anderson’s new Blockchain Technology practice. Partner Margaret Rosenfeld leads the practice, along with attorneys Heyward Armstrong, Joshua Bryant, James Jolley, Davis Roach and David Sartorio. The team will continue to advise FCFL as it enters next stages of the offering, the public launch of its ICO.
Smith Anderson’s Blockchain Technology practice advises businesses on the frontier of blockchain technology, leveraging a team of business-oriented and forward-thinking attorneys with experience helping businesses manage legal risks while embracing innovation. Companies entering the blockchain industry can rely on the firm’s experience across many areas affecting blockchain technology, including ICOs, token generation events (TGEs), corporate and securities laws, venture financing, regulatory matters, gaming, sweepstakes, intellectual property, banking compliance, private equity, securities litigation, real estate, corporate M&A, international, investment funds, and privacy and cybersecurity.
NC Lawyers Weekly subscribers can view the full article here.