UK law firm becomes first to sell legal advice as NFTs

The firm will be selling three NFTs on OpenSea in November

Judges gavel with UK flag in the background                                 
A UK law firm is dispensing legal advice in NFT form – Photo: Shutterstock
                                

Bristol firm Stephenson Law has, in its own words, ”gone where no law firm has gone before” with the announcement that it will be selling legal advice in the form of three non-fungible tokens (NFTs).

Stephenson Law said: “This trio of NFTs will serve as crypto-art tokens that can be exchanged for legal advice, making the most of the multifaceted capacities of blockchain technology.” 

The price of these NFTs will range from the cryptocurrency equivalent of £250 to £300.

Once redeemed, the NFTs will entitle their owners to one hour of legal advice on the subject of financial regulation or on blockchain. The third NFT will entitle the buyer to one-on-one access to the firm’s founder, Alice Stephenson.

The NFTs will be able to purchase on OpenSea, the largest NFT marketplace, from 8 November.

Disruptive technology

Along with GIFs and jargon-free law, the law firm lists ”disruptive innovation like blockchain“ as one of its favourite things.  

Stephenson Law said: “Blockchain has the power to bridge international gaps, reinvigorate creative industries, and demand better of financial systems.”

The law firm explain that despite a certain lack of trust in the blockchain and crypto market due to scams, NFTs have “incredible potential that goes far beyond a flash in the pan art-fad,” as well as having the potential “to empower international artists, create drastically more reliable transactions, and to transform the digital and financial space entirely”.

Powerful opportunities

The NFTs are intended to show the powerful opportunities that blockchain technology has to offer age-old industries.

Stephenson Law said: “With legal expertise and a penchant for disruption on their side, the business has put its money where its mouth is and has committed wholeheartedly to a technology that many of its clients rely on.”

This initiative was spearheaded by Will Foulkes and Gareth Malna, who are Stephenson Law's head of blockchain and head of financial regulation respectively.

Further reading: Music Copyright NFT platform partners with LINE messaging app

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