Non-fungible tokens (NFTs) are the latest advancement in the ongoing evolution of the blockchain market. To help put this new phenomenon into context, the BakerHostetler Blockchain team has prepared a series of papers that examine NFTs from various perspectives. In the first paper in the series, we introduce NFTs from the technological and market perspectives. Forthcoming papers will rely on the concepts in this introduction as we analyze the multiple legal issues arising from this new technology.
Explore the full NFT series below:
Part 1: An Introduction to Non-Fungible Tokens (NFTs)
Part 2: A Legal Practitioner's Guide to NFTs, Digital Advertising and Media
Part 3: Navigating Contractual Relationships in the NFT Market
Part 4: Taxation of Non-Fungible Tokens
Part 5: Applying the Bank Secrecy Act, FinCEN Regulations, and Sanctions to the Nascent NFT Market
Part 6: Combatting Fraud and Corruption in the NFT Market