The latest crypto craze has litigators closely watching from the sidelines. Buyers of nonfungible tokens are ready to shell out hundreds of thousands of dollars, sometimes more, but when disputes start to hit the scene, litigators said there will be little to no case law as precedent.

Gareth Emery, a globetrotting electric dance music artist, released his NFT collection, LSR/CITY, on Thursday over the marketplace blockchain-based platform Nifty Gateway. Among the items are what he called “a one-of-a-kind laser sculpture” with a price tag of $250,000.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]