By now, we’ve all heard of non-fungible tokens (NFTs), and some of us may even have personal experiences owning them or advising our clients regarding them. However, to many of us, including me, they remain mysterious, amorphous and almost make-believe, and the laws, rules and regulations surrounding them are confusing at best. The author explains the current intellectual property laws that govern NFTs and argues that NFTs are really personal property in nature due to how they’re transacted.
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