NFTs Opportunities and Legal Challenges

During the last months, digital assets call “Non-fungible Tokens” (NFTs) have gained a significant public attention and are currently one of the hottest topics amongst tech enthusiast; tech legal advisors and tech companies. There is no doubt that NFTs create huge opportunities and can revolutionize whole industries such as the industry of entertainment; media; art and sports. At the same time, NFTs can (and have at large extend already done) create new markets and opportunities for artists, musicians, brands, innovators, investors and consumers. As with other digital assets however, a wide range of legal issues, challenges can come into play depending on the structure of the asset and intent of the parties involved.