regulation Articles

Since their emergence, non-fungible tokens (NFTs) have become a source of concern for many galleries and artists over their intellectual property. As with any new technology, there were no regulations to effectively oversee the market, which made it more susceptible to fraudulent activities.

Non-fungible tokens, or NFTs for short, are a relatively new class of digital assets. Powered by blockchain capabilities, NFTs can be transparently and securely linked to a painting, photo, statue, or any other exhibit, providing owners with a diverse range of potential utilities and immutable provenance. As a result, they empower organizations such as art institutions to monetize their physical property and harness the benefits of the digital realm.