Seemingly every day, a new artist, musician, athlete or video game developer appears to be launching a nonfungible token, or NFT, of their own.
But these content creators compose just a sliver of the entities that are in need of legal advice in the current boom surrounding the latest investment craze. Boutiques and large law firms alike are finding a burgeoning base of clients who need help navigating the novel legal issues tied to these new digital assets, stretching from intellectual property to securities law.
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