World-famous DJ Gareth Emery is selling a $250,000 sculpture that shoots lasers as part of his debut NFT drop. Courtesy Photo An Emerging Digital World: The Possibilities and Legal Gray Zones of Non-Fungible Tokens
For companies planning to bet on NFTs, the ability to navigate their gray areas effectively is crucial to realizing the company's strategic objectives.
June 02, 2021 at 07:00 AM
8 minute read
Internet Law
Non-fungible tokens—also called NFTs—are not new, but 2021 is unquestionably the year of the NFT. The meteoric rise in popularity of NFTs has spurred the creation of entirely new business models, and along with them, a myriad of legal and regulatory questions and gray areas where existing laws haven't kept pace with the technology or its uses. As regulators work to determine the best governing regimes for NFTs, stakeholders continue to grapple with the uncertainty.
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