03 May 2022
NFTs! Enter the Metaverse with Practical Guidance
Learn about the various ways that intellectual property owners can exploit the burgeoning non-fungible token (NFT) market, estimated to have exceeded sales of $17.7 billion by the end of 2021, and enter the metaverse while avoiding common pitfalls. This practice note explains NFTs and the blockchain, and distributed ledger technology underlying NFTs. It covers the difference among types of tokens, how NFTs are minted and sold, and strategic considerations for use of NFTs. Common uses of NFTs are explored from sales of collectibles or artwork, to access to special events, to entering a completely virtual world to utilizing NFTS to track real world goods.
Related Content
- Intellectual Property Disputes in the Non-fungible Token Marketplace
Review this article to learn about current disputes involving NFTs and the common claims and defenses likely to be raised in similar suits.
- Non-fungible Tokens and Intellectual Property Law: Key Considerations
Consider some of the novel legal issues that NFTs raise in the area of intellectual property law, including key issues in NFT marketplace user agreements, licenses, and copyright ownership considerations.
- Virtual Currency, Bitcoin, and Cryptocurrency Resource Kit
Access an array of resources related to virtual currency, including bitcoin and cryptocurrency, regulation of financial technology and blockchain, related securities issues and concerns, and intellectual property guidance.
- Practical Guidance Podcast: NFTs (copyright infringement, investment, and regulation)
Listen to an intriguing discussion of intellectual property issues and litigation relating to NFTs.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Check out the new Practical Guidance Author Center! Learn about the 1500+ leading attorney authors contributing to our 21 practice areas, and find out how you can Become a Practical Guidance Author.
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.
Experience Lexis+