Serving Court Papers as NFTs Is Likely Limited, but Signals Broader Revolution Ahead
While courts allowing anonymous defendants to be served court papers as NFTs might signal a big change, the real transformation may still be years off.
July 19, 2022 at 09:00 AM
4 minute read
The original version of this story was published on Legal Tech News
The idea of a decentralized platform that can power various currencies on a distributed ledger, transfer non-fungible tokens between entities and offer a brand-new marketing opportunity in the metaverse has no doubt seen growing popularity over the last few years.
Now, a smattering of courts across the world have taken matters a step further, dipping into the blockchain arena themselves and finding ways to adapt to the nascent technology. First, a New York Supreme Court, and then a U.K. high court, each greenlighted the practice of serving court papers as NFTs within the last month; that is, airdropping the papers directly into anonymous defendants' digital wallets, eliminating the need for third-party verification.
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