NFT
Non Fungible Token
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The ecosystem of non fungible tokens has moved past its early phase of merely offering “digital collectibles” of varying value and credibility. Modern use of the ERC 721 standard and its non-ethereum bretheren focuses on business applications.
Several aspects of the law arise when NFT technology is used for industrial applications. These include:
- What legal jurisdictions will apply?
- Will each NFT be sold?
- Will each NFT be part of a business utility not for sale?
- What type of persons will buy/use the NFT?
- Where do the buyers/users of the NFT reside?
- Will the NFT be promoted? If so, how?
- Will the NFT be used in a single business or will the NFT be employed by multiple businesses?
What is the Definition of an NFT?
NFT stands for Non-Fungible Token. By “fungible” the NFT refers to whethere it is unique or simply one of a series indistinguishable from the rest.
NFTs Explained:
The importance of the NFT is simple. It is a way to uniquely identify something electronically that cannot be copied, misattributed, or lost.
Let's talk. Are you looking for a business application for these uniquely identifiable digital assets?.
We will work together to guide your project to completion.
Trial lawyer Matt Hamilton graduated from the University of Missouri – Columbia in 1995 with Science degrees in Logistics, Marketing, and Business Administration.
Matthew J. Hamilton Juris Doctor & Crypto Lawyer