Krida Legal - Law Firm in New Delhi, India

  NFT stands for non-fungible token. It is basically a token (a digital asset existing on the blockchain) and represents a ubiquitous digital item. The ownership of an NFT is proven by a private key to the wallet containing the token. Blockchain and NFT expertise is catching up for arts, visual artists who are creating tokens to safeguard their rights. This is crucial as online marketplaces are becoming popular for selling goods but assuring that no infringement happens issues. Krida Legal with an array of legal experts that while blockchains have been in vogue for long but NFT expertise is scaling popularity as clients feel it is pertinent to address intellectual property rights as well as address security concerns. While different countries such as Canada, Switzerland have created frameworks to regulate cryptocurrencies under anti-money laundering legislation. Japan has even legalized certain cryptos as payment. But countries like China and Saudi Arabia have prohibited the usage of

  Poker, a very popular card game, is pursued by two or more players and often comprises several rounds. It can be pursued offline as well as online with different sites such as online poker Bazzi etc garnering popularity. Krida Legal having expert Poker Lawyer India elaborates that poker is stigmatized in India. It is compared to gambling and with ambiguities in the gambling laws in the country have often evoked legal disputes with the police inviting harassment and arrest warrants and most people pursuing it in underground gambling dens resulting in connections with the underworld. . Most servers hosting poker games are outside the territory of the country. Poker is a game of probability and players allocating money and during each round, cards are distributed from a standard deck of 52 cards. Each player keeps their cards hidden and wants to have the best hand on the table. After the completion of the round, cards are revealed and the one having the best hands wins all the money

The online gaming industry in our country has seen massive growth in the past few years, especially during the pandemic. But lack of uniform regulations and legal framework has failed to provide these games a legal acceptance and source of revenue for the country’s economy and growth. While skill-based online gambling is garnering acceptance and popularity various other games of chances eg. Gambling is still frowned upon. Legal Experts at Krida Legal having years of expertise in understanding Sports Law India  state that some state legislations such as Goa, Sikkim, Nagaland have legalized gambling but the majority of the states are still averse to legalizing gambling. Fantasy sports are those online games where predictions are made by creating virtual teams of actual players from various sports fraternities such as the Indian Premier League (IPL), National Basketball Association (NBA), etc as elaborated by Fantasy sports lawyer India  at Krida Legal. Gamers function as managers who cre