Abstract
Non-fungible tokens (NFTs) have been making the news since an NFT for a piece of digital art by the artist Beeple (Mike Winkelmann) sold for $69 million in March 2021. Regulators and lawyers have been scrambling to understand the legal issues surrounding NFTs, not to mention the meaning and value proposition of this novel class of digital assets for online marketplaces and digital content developers. According to GlobeNewsWire, the global NFT market size is expected to grow from USD 3.0 billion in 2022 to USD 13.6 billion by 2027. An NFT is a unique digital asset. This chapter discusses NFTs; their characteristics; how to buy, sell, and mint NFTs; and some key legal and regulatory issues.
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