This session focused on the intersection of intellectual property (IP) law with emerging technologies like blockchain, NFTs, and Web3, emphasizing challenges and opportunities for Black entrepreneurs. Jesse Fenty, an IP attorney, highlighted the importance of supporting Black-owned businesses and protecting property ownership through trademarks and patents. Panelists discussed how blockchain provides an immutable ledger that can prove invention dates but lacks enforcement mechanisms, meaning traditional patent and trademark systems remain essential. They debated the tension between decentralization and IP protection, noting cases of NFT theft and the “wild west” nature of the metaverse, where regulation is still developing. The conversation also touched on the growth potential of Web3 for building wealth and autonomy within the Black community, the risks of IP theft, and the need for education about IP rights in this evolving space. Overall, the discussion underscored that while technology changes, foundational legal protections and community empowerment remain critical.
