A non-fungible token (NFT) is a special type of cryptographic token which represents something unique. NFT blockchain marketplace. Photo: Rokas Tenys/Shutterstock What Lawyers Need To Know About Non-Fungible Tokens: Part 1
This article takes a look at the developing legal landscape surrounding NFTs and the increased legal and regulatory scrutiny that lawyers should consider.
March 28, 2022 at 10:00 AM
9 minute read
Banking and Finance Laws
Non-fungible tokens (NFTs) are the latest trend to sweep markets from the art industry to professional sports leagues. These digital assets have existed for several years but have achieved explosive popularity only recently. In fact, the global market for NFTs reportedly hit over $40 billion in 2021. Despite this, the legal frameworks governing NFTs—which could significantly impact the risks and rewards of buying or selling NFTs—are still catching up. In this series of articles, we will explore the developing legal landscape surrounding NFTs and the increased legal and regulatory scrutiny that lawyers should consider.
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