The promising future of NFTs remains in a state of flux

Financial Times LogoFinancial Times1 mo ago

The promising future of NFTs remains in a state of flux

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Practitioners are still trying to understand how exactly NFTs fit into or disrupt existing legal notions and, consequently, what the applicable legal and tax treatment should be.

Even if each NFT representing a particular value stake in the associated asset can be easily and individually traded, what is the basic framework needed to guarantee the preservation and integrity of the underlying asset as a whole?

The novelty, however, is that these blockchain-based tools provide the prospect of disintermediated (financially and administratively) new markets for creators and holders of otherwise non-marketable physical assets.

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Article Details

Author / Journalist: Marina Niforos

Category: MarketsFinanceInvesting

Topics: Ownership Rights Assets Financial Property Legal Asset Digital Tokens Nfts Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-20, 16:40:06

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 4 minutes read

Article Length: 697 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 1386

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