In November 2022, in collaboration with ELLE Vietnam and Wachsman, our Managing Director Heng Jun Meng co-conducted a workshop titled “Into the World of Web3” on the topic of Web3 for creatives in Ho Chi Minh, Vietnam.

The speakers at the workshop began by sharing about the journey of the development of the Internet from the passive Web1 to the present/future that is the decentralised Web3 (where one can effectively monetise their own works and products without the use of platforms or intermediaries such as social media), non-fungible tokens (NFTs), and the metaverse in the context of creative fields such as art, music and fashion.

Following that, Jun Meng led the discussion of the various legal considerations and issues to bear in mind when entering the Web3 world.

Workshop attendees heard about how crypto/blockchain differs from traditional business processes, and examples of issues to consider when exploring the issuance of crypto tokens in their businesses, such as the characterisation of tokens. Jun Meng also delved into the ever-popular topic of NFTs including in the context of the art collectible world, and shared examples of recent NFT disputes which have occurred.

Links

More information on the Web3 workshop can be found here:
Into the World of Web3: A potential future for creators | ELLE