• Blog Post

    NFTs: A GOOD INVESTMENT OR A LITIGATION RISK?

    NFTs—or non-fungible tokens—have been making headlines in recent months as the newest investment craze.  “At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin.”  NFTs can be anything digital but are currently extremely popular for buying and selling digital art.  Popular NFT marketplaces include OpenSea, Rarible, and Nifty Gateway, and some NFTs have been bought and sold for tens of millions of dollars. This new digital artwork platform has, unsurprisingly, sparked many intellectual property disputes.  Most recently, famous…