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Communications Portfolio for Blockchain, Cryptocurrencies, and NFTs By Jane Genova

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Please, No More Heroes

"Do We Need More Heroes?" - Dan Gallagher, The Wall Street Journal, November 26, 2021

The answer to that question the WSJ raises is "no." Too many heroes soon enough go poof. The most recent example has been Andrew Cuomo. At one point in the unleashing of COVID he was positioned and packaged as, yes, the hero governor. The rest is history.

What these crazy times demand is the human being doing the next right thing. The model for that is the very ordinary George Bailey in the movie "It's a Wonderful Life." At some point Bailey did enough of the right things at the right time to keep intact the lifeblood of a town. 

Youngstown, Ohio, still reeling from the shut-down of the GM Cruze production plan, could use several George Baileys. Just ordinary folks who care.

Marketing communications for blockchain, cryptocurrencies, NFTs, and much much more (including waterproofing, roofing, and shipping containers). You want results. And that’s exactly what you get partnering with Genova Communications. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.

That Magic Number in Our Portfolio - All That Could Go Poof with B.1.1.529

SUPER-STRAIN SINKS STOCKS
NEW TRAVEL RESTRICTIONS
SCIENTISTS SOUND ALARM
WHO EMERGENCY MEETRight now, Dow futures are down about 800 points. Those of us feeling so confident about the possibility of easing up on work or even retiring/semiretiring have to rethink much. Meanwhile, we worry if we, despite even getting the booster shot,  could become victims of the virus. The Winter of 2022 could become memorable as a time of great darkness for mankind.Marketing communications for blockchain, cryptocurrencies, NFTs, and much much more (including waterproofing, roofing, and shipping containers). You want results. And that’s exactly what you get partnering with Genova Communications. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com

NFTs - Buyer Be Informed

The pandemic, which remains a global phenomenon, upended the revenue streams of artists.

In response, some discovered they could resume making a living or even build wealth by licensing their work as NFTs (Non-Fungible Tokens) on a blockchain platform. That entrepreneurial move seems brilliant. Digital artist who goes by the moniker Beepie sold his NFT "Everydays: The First 5000 Days" for $69,346,250. 

The digital artists include the traditional types - that is, there's no ambiguity that their creation has aesthetic value. In addition, there are those on the continuum of what is classified as "adult content." That could range from erotica to soft porn to what could be ruled to cross the line to "obscenity." 

All this activity had opened myriad legal questions.

Does securities law apply?

What about changing privacy laws which allow for deleting or modifying content when the blockchain makes that immutable?

And there is the age-old issue if the material is art or obscene? 

As the saying goes: Law hasn't caught up with the technology. And law firms with blockchain practices, be they Big Law's Paul Weiss or boutique DLx, will be dealing with complex legal issues. Meanwhile the first class action lawsuit has been filed in New York state court. It contends the NFT Top Shop Moments is an unregistered security. Here is a copy of that lawsuit "Jeeun Friel, et al. v Dapper Labs, et. al."

So what is a NFT? Investopedia defines NFTs as:

" ... cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can be used as a medium for commercial transactions."

From the get-go, the legalities can be confusing. Walters Law Group provides a useful summary of the major related points of law. Reed Smith's white paper on the metaverse provides sections on NFTs.

For instance, those purchasing the digital art only are gaining access to the control of information in the blockchain entry ledger. They do not "own" the underlying work of art. That remains the property of the artist.  Walters Law Group provides these details:

"The artist typically retains all copyrights in the work, including the right to copy, distribute, modify, and publicly perform or display the work. The buyer generally purchases the NFT along with a limited license to use the underlying artwork for personal use, such as publicly displaying the artwork on an online NFT marketplace ..."

Those terms and conditions the artist must make explicit during "minting," that is when creating the smart contract and storing the digital asset on the blockchain. 

Another huge issue is the future of regulations. No one feels comfortable with regulatory risk and there is plenty of that with NFTs. Some speculate that NFTs could be looped in with cryptocurrencies in how they're regulated. Currently, the Commodity Futures Trading Commission classifies cryptocurrencies as "commodities." That puts them under the Commodity Exchange Act. NFTs could be also subject to the CEA. That could rein the business in by mandating it only be conducted on registered exchanges. 

When it comes to what is designated "adult content" there is the jurisdictional matter. Some mandate users be 18 years of age. But, as with many social networks, the verification apparatus is not in place. 

The lock-in aspect of the blockchain technology also makes it very difficult to remove content that could be ruled "obscene" in court. How will the legal system deal with that? How will artists and those who purchased the license to the art manage the financial implications?

In addition, it's buyer beware. They may be anticipating a surge in the value of the NFT. However, they have to understand the asset itself is speculative. Also, no one knows if the current interest in NFTs is a sustainable trend or a fad. 

Given all this, it is interesting to analyze how Paul Weiss has structured its Blockchain/Crypto Practice. Here it is:

" ... Paul, Weiss is at the forefront in helping financial institutions, fintech companies, investors, media and entertainment clients and technology companies navigate the new world of cryptocurrency and blockchain technology. Our multi-disciplinary team helps clients capitalize on the business opportunities, identify the challenges and mitigate the emerging legal risks of digital assets." 

Take note of the two terms:

Multi-disciplinary team

Risks.

It is going to take plenty of different kinds of legal expertise to guide clients through some very old and some very new kinds of business risks. 

Marketing communications. You want results. And that’s exactly what you get partnering with Genova Communications. Clients range from crypto to industrial trades. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.

TikTok, Snapchat, Instagram - Research Confirms Those Could Trigger Depression in Us

It's not our imagination.

Yes, if we over-50 dabble in youth-oriented social networks - TikTok, Snapchat, and Instagram - we can wind up clinically depressed.

That's what Harvard researchers found.

In a study headed by Roy Perlis what had been confirmed is that there can be a correlation between using social networks dominated by young people and feeling lousy. In fact, those of us hanging around Snapchat can be more than two times more down than those who steer clear of that youth hangout. That study is published in the medical journal JAMA Network Open. Here you can retrieve it free. 

As yet, there is no theory provided to explain this phenomenon. Speculation is that we have a mood swing because we feel out of it on those kinds of youthful social networks. 

The takeaway could be to stick with Facebook. The study also found that when youth use Facebook their mood shifts downward.

Marketing communications. You want results. And that’s exactly what you get partnering with Genova Communications. Clients range from crypto to industrial trades. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.

Maybe the Booster Is a Good Idea

Even in Highly Vaccinated New England, Hospitals Suffering...
ASTRAZENECA gives longer protection?
Virus Rebound as Bad as Last November in Some Spots...
Hospitalizations set record again in Minnesota...
Denver Renews Mask Mandate...
Antibody Tests in Demand as People Worry About Immunity...
EU FACES '700,000 MORE DEATHS BY SPRING'...
Germany faces grim milestone...
Italy to restrict access of unjabbed to indoor venues...
Switzerland on edge ahead of Covid pass vote...
MAG: Pandemic Made Democracies Authoritarian...

Yes, I got my booster. 

Marketing communications. You want results. And that’s exactly what you get partnering with Genova Communications. Clients range from crypto to industrial trades. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.

We Boomers Knew All about Face Time: Seems GenZ Has Been Quick Learner on That

In pre-industrial times many people did the WFH.

Technology ended all that. To make a living they had to show up at the factory and work collectively. In his novels, Charles Dickens chronicled the challenges of that transition.

Then technology has made it again possible to do the WFH. COVID made that where-work-can-be-done downright necessary.

But the ongoing issue is if there is a tradoff in success by not going BTO. Should those with extreme ambition forget the comforts of home and be in the offfice all the time? Include in that weekends. 

According to the higher-ups at Morgan Stanley there is such a trade-off.

In fact, as the New York Post reports, Chris O'Dea, a managing director, actually says that young bankers are nuts not to be BTO - all the time. Forget doing a hybrid. Earlier Chief Executive Officer James Gorman threatened those not in the office with loss of their jobs. There is no ambiguity: Those distributing the rewards of the system do the assessing through the lens of face time. 

Also, some will recall that it had been Morgan Stanley's Chief Legal Officer Eric Grossman who had issued a veiled threat to outside law firms. Essentially it had been that it will be BTO or lose our business.

Also, as many will also recall, law firms didn't cave. In The Wall Street Journal, Akin Gump and Paul Weiss both noted they were embracing a hybrid model.

However, yes, there also was ambiguity. The Paul Weiss Chairperson Brad Karp did allude in the WSJ interview to how much he had learned in real time from partners in the office when he was just starting out at Paul Weiss. That, it turns out, probably paid off big. Super Lawyers documents that when a second-year associate, Karp was allowed to participate in Paul Weiss' huge Pennzoil legal fight against Texaco. That would have been atypical even for a midlevel.

Was a message embedded in Karp's anecdote that it's smart to be open to and totally available for in-person mentoring. 

And so, here we are. In the U.S., most of Wall Street is mandating BTO. 

As for Big Law, BTO is underway in some form or will kick in early in 2022. Most of that are hybrid arrangements. Some watchers of this issue about where work is done predict that eventually it will be BTO all-the-time. Once demand returns to normal and the concern about associate attrition goes poof, law firm leadership might reimpose BTO on a full-time basis. 

Sure, research needs to be done on the impacts - negative and positive - of remote work on traditional forms of success.

But for the current time in the U.S. in many large organizations the reality is that the ambitious will make it their business to be always-on-duty in the office. That had been obvious in the communications from a number of law firms. They had noted when the office would be officially reopened. In those announcements usually were a few sentences about how welcome associates would be, though, if they wanted to work in the office in the interim. 

None of this is new, of course, at least not to older professionals. From the get-go, we picked up or were informed by the growing career-advice industry about the importance of face time. That was to kick in before normal starting time and continue until the boss left. If there had been a threat of a Reduction-in-Force most of us increased that face time, even coming in weekends. After many of us had been forced out during corporate downsizing and became consultants we quickly learned to push to pitch in-person to prospects. 

GenZ is pushing back on lots about traditional assumptions about work. Therefore, it could be surprising to some that isn't including widespread demands to operate remotely. As polls such as by Generation Lab found, almost half of young entries to the workworld fear they will be out of the loop if they are not in the office.  

WFH might have an analogy with "being yourself at work."  Sure, there's a high comfort level. But the career could quickly peak prematurely.

The rules of the success game haven't really changed that much since boomers struggled to climb the ladder in what was then the monolith called "Corporate America." 

Marketing communications. You want results. And that’s exactly what you get partnering with Genova Communications. Clients range from crypto to industrial trades. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.

Applicants for Writing Assignments Are Asked Date of Birth - For Shame

Here is the appliacation.

Here is the help-wanted listed on the Chicago Section of Craigslist.

Why is the date of birth requested? 

No, We Haven't Earned the Right to Be Discouraged

Lapsing into a bit of disppointment about your career or pursuit of post-career income from working?

The best route out is to share the experience of those who have had to overcome greater obstacles. And made it big, despite having to jump through all those hoops.

So, treat yourself this holiday season to the film "King Richard." It's the chronicle of how two black girls from a lower middle family made it in the white-dominated sport of tennis.

The father Richard Williams, with love and bullying, never allowed Venus and Serena to become discouraged. In addition, he had been able to hold himself from drifting into the traditional black kind of despair.

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Reality: We Don't Really Know If We Are "Okay" Financially

"I just feel like I'm behind: I'm 29 years old. I have $4,000 in the bak and a $20,000 emergency fund. Am I doing OK financially?" - MarketWatch, November 20, 2021.

Smirk. With so much global economic volatility and black swans like pandemics, there is no predicting long-term financial security. Wealth created today could go poof soon enough. 

Marketing communications. You want results. And that’s exactly what you get partnering with Genova Communications. Clients range from crypto to industrial trades. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.