The Legal Recognition Of Non-Fungible Tokens (NFTs) In India
Non-fungible tokens (NFTs) are the latest trend taking the digital world by storm. While their range of potential use cases are still being explored - from authenticating physical works of art to enabling trading of memes and digital content - this article explores their role in turning digital art and mementos into marketable assets and the legal recognition of transactions of such assets.
Specifically, it looks at:
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- Tags: Blockchain | Collectibles | Commercial | Contracts | Copyright Act 1957 | Digital Art | India | Intellectual Property | Manchester City | Memorabilia | NBA Topshot | NFTs (Non-fungible tokens) | Premier League | Sale of Goods Act 1930 | Smart Contracts | Tech | Tom Brady | United Kingdom | United States
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Abhinav Shrivastava is Counsel at LawNK, a Bangalore based boutique law practice specialising in sports, media, technology and intellectual property laws. He heads the Privacy and Data Protection practice at LawNK, and is a graduate of Kings’ College London and NALSAR University of Law, Hyderabad.