Foreign Court Gives NFTs Property Rights

What is happening? A court in Singapore determined that NFT owners do have property rights because  Singapore’s highest court “recognized NFTs as protectable digital assets and a form of legal property.” Why is this important? NFTs are new. Ownership of decentralized ledgers is new. Laws and Regulations are slow to catch up. How will this […]

Who owns NFTs?

What is happening? A report by Galaxy Digital Research says there are no ownership rights in an NFT. Why is this important? The report says ownership of NFTs could be established by improving “the on-chain representation and transfer of intellectual property rights from NFT issuers to NFT token holders.” How will this be important?  World of […]

43 States Allow Remote Home Closings

What is happening? 43 states allow property sales to occur remotely. Mortgage lenders are pushing the other states to come on board. Why is this important? The states that have not provided for remote property closings are California, Connecticut, Georgia, Mississippi, South Carolina, Delaware, Massachusetts and Washington D.C. How will this be important? Mortgage lenders […]

Turning Blight to Affordable Housing

What is happening? RCF Connects, a nonprofit in Richmond California, is snapping up blighted properties and rebuilding them as all electric homes with solar panels and backup storage. Why is this important? When completed, the homes will be offered to first-time home ownership among the city’s Black and brown residents. The program is funded in […]

Drone Infrastructure Inspection Act

What is happening? Sens. Jacky Rosen, D-Nev., John Boozman, R-Ark., and Richard Blumenthal, D-Conn. are authoring the Drone Infrastructure Act to fund $100 Million program for drones to inspect infrastructure. Why is this important? The $100 M will fund workforce programs to support the next generation of inspectors who will use drones to inspect infrastructure. […]

Distance Requirements for Homeless Encampments

What is happening? Los Angeles has new distance requirements for homeless encampments that keep encampments away from schools. Why is this important? Distance requirements exist in multiple land use areas- for alcohol sales, sexually oriented businesses, and short term rentals. How will this be important? Will other localities adopt distance requirements for homeless encampments? Los […]