It seems that everyone — from corporate behemoths like Visa and Anheuser-Busch to socialite Paris Hilton and NBA legends Michael Jordan and Kevin Durant — has recognized the growing importance of nonfungible tokens (NFTs) for the 21st-century economy.World-renowned artists, athletes and musicians have been cashing in on the craze, lending legitimacy to this new use of … [Read more...] about Nonfungible tokens and the right to self-determination
NonFungible
Grandmaster Magnus Carlsen chases a nonfungible trophy
An international chess tournament, Meltwater Champions Chess Tour (MCCT), has announced it will mint nonfungible token (NFT) trophies and collectibles to preserve the game‘s most defining moments forever. The winner of the MCCT will be awarded an NFT trophy, marking mainstream crypto involvement from the international chess community. The tournament’s finals will see … [Read more...] about Grandmaster Magnus Carlsen chases a nonfungible trophy
Nonfungible tokens from a legal perspective
A nonfungible token (NFT) can be both a representation of a physical or digital asset that only exists on the internet — a programmable piece of art. It provides ownership of an underlying asset, like a painting, and it can also represent a digital asset in the form of a software code. Therefore, I like to conceptualize NFTs in a more technical view:“An NFT is a pattern of … [Read more...] about Nonfungible tokens from a legal perspective