Lawyers fielding client calls on the potential litigation risks for non-fungible tokens, or NFTs, might be able to take some cues from another blockchain inhabitant: cryptocurrency.
“No one really knows what box to fit a lot of blockchain technologies into,” said Steven Ragland, a litigation partner at Keker, Van Nest & Peters. “That includes federal and state government regulators, it includes plaintiffs lawyers, it includes the securities class action bar.”
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