A Regulation Professor Explains Why NFTs Do not Shield

In 2021, an funding agency purchased 2,000 acres of actual property for roughly $4 million. Usually, this might not make headlines, however on this case the land was digital. It existed solely in a metaverse platform referred to as The Sandbox. By shopping for 792 non-fungible tokens on the Ethereum blockchain, the agency then owned the equal of 1,200 metropolis blocks.

However did it? It seems that authorized possession within the metaverse shouldn’t be that straightforward.

The prevailing however legally problematic narrative amongst crypto fanatics is that NFTs permit true possession of digital objects within the metaverse for 2 causes: decentralization and interoperability. These two technological options have led…

Source link

See also  Alameda-Backed Tokens Endure As FTT Fights To Keep