Blockchain legal risks, blockchain game legal validity expert legal review.

Veat specializes in legal services, Veat Law Firm is conducting a review of the legality of a social game using specific tokens based on blockchain, commissioned by a client (a “client”) platform based on blockchain.

Blockchain-based specific token social game legality and legal risk management

Game and Software Control Committee Opinion

Game Act and Criminal Act

Furthermore, Veat Law Firm Blockchain Team provides clear legal advice regarding whether the client's game meets legal requirements, considering relevant regulations such as the “Act on Promotion of Game Industry” (Game Industry Act) and the “Criminal Act”.

Also, Veat Law Firm Blockchain Team explains in detail the legal risks that may arise when blockchain games are distributed on a platform, based on regulations such as the “Act on Promotion of Game Industry” (Game Industry Act) and the “Criminal Act”.

Reason to obtain preliminary legal review from a blockchain-specialized law firm when servicing blockchain-based games

Recently, with the active use of blockchain in the game industry, new types of games such as “blockchain-based social games” and “P2E (Play to Earn) games” have emerged. These blockchain games, unlike traditional games, allow players to exchange blockchain tokens earned within the game for cash through exchanges, providing economic benefits to players.

However, the emergence of blockchain games accompanies various legal issues and risks. In particular, given that blockchain-based games have a possibility of being denied classification by the “Game and Software Control Committee”, it is important to receive preliminary legal review before distributing or providing the game in Korea.

Blockchain game legality issue is an important issue linked to business success

Veat Law Firm Blockchain Team provides professional and in-depth legal services to enable the client to lead innovation without legal risks.

Veat Law Firm Blockchain Team, a leading blockchain review team

Veat Law Firm Blockchain Team is a specialized team, providing legal advice to blockchain platform operators, and providing a contract that transfers NFT issuance and distribution authority from content creators to the blockchain platform, considering a complex combination of contract structures that respect the copyright of content creators while granting only NFT creation and distribution authority on the blockchain platform.

If you need a legality review and legal risk management for blockchain games, please contact Veat Law Firm at any time.

Thank you.

Veat Law Firm