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ARTICLE · 28 MARCH 2023

Pryor Cashman Team Noted For Win In First-Ever NFT Case

Pryor Cashman LLP
Pryor Cashman LLP
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Pryor Cashman LLP

Pryor Cashman LLP

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Following Pryor Cashman's victory on behalf of client Kevin McCoy, regarding his creation in 2014 of what is generally understood to be the world's first non-fungible token...

United StatesTechnology
William L. Charron
William L. Charron
Robert DeBrauwere
Robert DeBrauwere
Megan Noh
Megan Noh
Nicholas Saady
Nicholas Saady
Maya B. Katalan
Maya B. Katalan
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Following Pryor Cashman's victory on behalf of client Kevin McCoy, regarding his creation in 2014 of what is generally understood to be the world's first non-fungible token ("NFT"), the Art Law and Litigation team that secured the win has been featured in multiple news outlets:

  • The New York Times, in "Judge Dismisses Lawsuit Over Ownership of $1.47 Million NFT," quoted Partner William Charron, co-chair of the Art Law Group and a member of the Litigation, Intellectual Property, and Media + Entertainment Groups, saying, "The significance of this case is that it prevented a party from using somewhat obscure blockchain usage rules to appropriate the work-product of an artist."
  • Law360, in "Ownership Claim Over NFT Sotheby's Sold For $1.5M Tossed," also cited Bill: "Kevin pioneered how the blockchain can be used to help confirm and authenticate art ownership. The plaintiff had absolutely nothing to do with Kevin's work."

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