The Rise of Digital Assets: Navigating the Legal Landscape of Non-Fungible Tokens (NFTs)
https://www.linkedin.com/in/suparna-majumder-731444166 itsmesuparna28 Introduction: In recent years, the world has witnessed a revolutionary trend in the realm of digital assets - Non-Fungible Tokens (NFTs). These unique tokens have gained significant attention due to their ability to authenticate, verify, and transfer ownership of digital assets, including artwork, music, videos, and even virtual real estate. As NFTs continue to soar in popularity, they bring about a host of legal questions and challenges that need to be addressed. In this blog, we will explore the legal landscape surrounding NFTs and shed light on the emerging legal issues and potential solutions. Understanding NFTs: Non-Fungible Tokens are cryptographic tokens that exist on a blockchain, usually on Ethereum. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are interchangeable and hold the same value, NFTs are unique and indivisible. Each NFT represents a distinct digital asset and contains a record o...