The emergence of non-fungible tokens (NFTs) has spawned novel legal and regulatory considerations, spanning intellectual property rights, the potential classification of NFTs as securities, the recovery of assets held on decentralized platforms, and criminal considerations relating to fraud, money laundering, and insider trading. This roundup tracks ongoing civil and criminal actions involving NFTs and the various unique legal issues at play.
These actions provide a glimpse into how NFTs will be integrated into existing legal frameworks, and may provide clarity over legal questions that loom large over companies and individuals in the business of creating or selling NFTs….
Source: 2022 NFT Litigation Roundup | Blogs | Innovative Technology Insights | Foley & Lardner LLP
