Legal Review For Starting A Game Service Utilizing Blockchain Technology

Cha & Kwon Law offices reviewed the terms of use and operating policies of games that serve domestic and foreign users.

The game includes blockchain-related content such as virtual assets and NFTs, and users can introduce and use NFTs in the game and exchange in-game goods for tokens. In this structure, in addition to the operating terms and conditions applied to normal games, provisions that clarify the management and responsibility are required in consideration of the technical characteristics of NFTs and tokens.

Furthermore, Korea currently regulates the act that includes blockchain-related content in games, so the relevant laws and regulations and judgments of regulatory authorities must be reviewed in detail. The terms and conditions for domestic services and those for overseas services were separately provided by Cha & Kwon Law offices. Furthermore, the game service operator clarified in the Terms of Use that it does not guarantee the value of virtual assets or the integrity or security of NFTs.

If you are preparing to start a game service business that utilizes blockchain technology, we recommend that you seek legal assistance from Cha & Kwon Law offices, which has expertise in this field.