If you have read or watched the news at all this year, you have almost certainly seen the acronym “NFT”—usually, in the context of an item you can’t even touch being sold for millions of dollars.

In general, NFTs, or “non-fungible tokens,” are digital representations of assets that are, at a very high level, part of the Ethereum blockchain. Unlike a cryptocurrency like Bitcoin or Ethereum, however, NFTs are unique and cannot be replaced by another item—hence, nonfungible. While they may have been obscure or ephemeral when they first entered the national discourse, they are turning into yet another example of the ever-growing digital world and merit closer scrutiny.

This content has been archived.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]