With an astounding $17.7 billion in sales in 2021 alone, the non-fungible token (“NFT”) has recently undergone a dramatic rise in prominence in the cryptoverse, similar to the “crypto summer” of 2017-18 or the “DeFi summer” of 2020. Although NFTs have been around since 2014, this asset class has only just experienced its first and quite remarkable outgrowth, thus staking its claim in the broader blockchain industry. However, the NFT’s meteoric growth should also foster thoughtful discussion about its underlying technical and legal status as property. Unfortunately, owners of most NFTs are vulnerable to being dispossessed of them, which undermines their very nature as an asset class. This is not only a future threat, it is already happening. Throughout this blog I present this issue through a legal lens, offering guidance and possible solutions to the industry.
Excelente artículo. Me pregunto si alojar la metadada de los NFT (El contrato) en el protocolo de Arweave es un gran recurso ya que la misión de ellos es el almacenamiento de datos a perpetuidad, de esa manera si la web o Front End que muestra la colección de NFTs cierra, ésta puede quedar en Blockchain para "toda la vida". Saludos desde Bogotá.
Nice article. May your metadata be permanently hosted and your jpeg displayed with luminance.
Great article explaining what an NFT is. Well written!
Excelente artículo. Me pregunto si alojar la metadada de los NFT (El contrato) en el protocolo de Arweave es un gran recurso ya que la misión de ellos es el almacenamiento de datos a perpetuidad, de esa manera si la web o Front End que muestra la colección de NFTs cierra, ésta puede quedar en Blockchain para "toda la vida". Saludos desde Bogotá.
Great article! I'm gonna hit you up on Discord.