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ARTICLE · 04 DECEMBER 2021

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Securing Funding With NFTs, The New Kids On The Blockchain

Gowling WLG
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Non-fungible tokens ("NFTs") have revolutionized how artists sell their art; now, artists are hoping that NFTs can revolutionize how they fund their art.

CanadaTechnology
Susan Abramovitch
Susan Abramovitch
Matthew Cook
Matthew Cook
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Non-fungible tokens ("NFTs") have revolutionized how artists sell their art; now, artists are hoping that NFTs can revolutionize how they fund their art. Recently, the sale of collectible NFTs has funded the production of two television projects: Stoner Cats and The Gimmicks. Stoner Cats raised around $8 million in NFT sales on the premise that only those that purchase Stoner Cat NFTs will be able to watch the show. The Gimmicks, on the other hand, has promised that NFT holders will be able to determine how the show's story progresses from episode to episode. While this new way of funding is exciting for artists and fans alike, it is important to consider the securities law implications that may arise.

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