BLOG POST: Chain Reactions – Decentralized Web3 Markets and the Jurisdictional Challenge*
*This writing is a blog post. It is not a published IPTF Journal article. Mira Ward Augmented reality, virtual reality, and decentralized finance are the essential building blocks of Web3, the third generation of the internet.[1] Intuitively, Web3 is the successor of Web1 and Web2.[2] Web1 refers to the earliest phase of the internet, a set of non-interactive sites aimed at content consumption rather than creation.[3] Web2 allowed for content creation and user interaction.[4] Web3 offers a decentralized, borderless online economy where users can own and trade assets.[5] The decentralized nature of Web3, the Metaverse, and encrypted transactions raises numerous...
Fragmented Data Privacy Laws: Time for Federal Legislation
Lydia Rudden Federal data privacy legislation is necessary to safeguard consumer data against privacy breaches by tech companies with increasingly intrusive data practices. In 2018, California pioneered its own comprehensive data privacy legislation, the California Consumer Privacy Act (CCPA). Currently, with nearly half of U.S. states in the process of formulating their own digital privacy laws, businesses are struggling to maintain compliance, causing financial difficulties and harming innovation. Piecemeal state legislation also leaves consumers with disparate protection depending on where they live. Without a comprehensive and uniform federal law, Big Tech lobbyists shift their focus to securing industry-friendly regulations from...
The Art of Economic Restraint: Andy Warhol Foundation v. Goldsmith
Kristine C. Braddock Copyright aims to incentivize the creation of original art, but it does so at the cost of public access. As technology has evolved over the past two hundred years, Congress has persistently extended the copyright term, theoretically providing more incentive and less public access. But this trend toward perpetual protection strains the “limited Times” constraint of the Copyright Clause, whose entire purpose is to maximize creative output. This Article examines the implications of an extended copyright term, focusing on its impact on artistic innovation, particularly in light of Andy Warhol Foundation for the Visual Arts, Inc. v....