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NFT – Non Fungible Token

Legal Risk & it’s Compliances

Why you need us

  • Understanding Legal Risk
  • Finding Answer of Why
  • How & When
  • Save your Reputation

Every year, there is something in the world of blockchain that gives huge popularity and becomes a technology heartthrob . The latest addition to this list is the concept of non-fungible tokens or NFTs as they are commonly known.

The history of NFTs can be traced back to 2014, but they had to wait for about 6 1/2 years to gain their well-deserved popularity. NFTs have grown to be more than a $200 million market in the past nine months, out of which 90% happened in February 2021.

The quick expansion of NFTs over the recent months indicates that a legal system hasn’t yet entirely caught up with this phenomenon. It could be a matter of time before legal issues focused on non-fungible tokens and digital art begin to arise.

As NFTs look like the future, legal regulations should be considered by every user who wishes to join an NFT market and carry out business that would fully meet local legal requirements.


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