Non-Fungible Tokens (NFTs) have redefined the concept of ownership in the digital world. Built on blockchain technology, NFTs represent unique digital assets that can be traded, sold, and verified through decentralized systems. They are commonly associated with digital art, collectibles, music, virtual real estate, and more.
As NFTs have gained mainstream adoption, governments and regulatory bodies around the world have begun addressing the complex legal questions they raise. Issues include intellectual property rights, taxation, securities regulation, consumer protection, and data privacy. This article provides a comprehensive overview of NFT technology and its evolving legal context across state, federal, and international jurisdictions.
What Are NFTs?