Cleaning up legislation for NFT success in Vietnam (Livestream)

May 11, 2022 | 08:18

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Traditional games are becoming more advanced through blockchain and non-fungible tokens. However, many barriers still make the technology difficult to develop and greatly affect investment prospects. Follow VIR on our live streaming talk show on Legal Updates for Vietnamese NFT Games on May 11.

Cryptocurrency, blockchain, and non-fungible tokens (NFT) are terms that are now widely discussed in every major economic sector, including in the entertainment and video game industry. Globally, NFT gaming has received much attention, with Vietnam’s tech-savvy youngsters pioneering some of the most popular products.

To view how the application of blockchain and cryptocurrencies in games has skyrocketed in recent years and which challenges have been faced, you can be a consulting attorney in the field by following and asking questions to our speakers – lawyers, economists, investors, and IT developers – to better understand the concerns of businesses when investing in blockchain and cryptocurrencies.

Depending on their function, each party has its own issues, including confusing legal regulations, a lack of transaction transparency, legal updates on the rights and obligations of each participant, and conflict resolution procedures. In addition, investors are confused about selecting their business locations and methods of converting proceeds into cash.