Once relegated to the fringe of the crypto/FinTech communities, non-fungible tokens (NFTs) are suddenly mainstream, appearing in new and increasingly commercial use cases, such as financial services, automotive industry applications, electronic gaming, sport highlights, music albums, film, art, fashion and digital branding.
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What is an NFT and how is it different from a fungible, or any other, token? How can the ownership of a tangible item be represented by an intangible token?
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Does the owner of an NFT own the underlying object or asset it might represent?
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Are NFTs regulated and, if so, how?
These sorts of questions are extremely important for businesses, consumers, law-makers and lawyers. In this four-part guide we consider the key legal and regulatory issues in relation to NFTs in the context of a wide range of use cases, industry sectors and jurisdictions.