Nonfungible tokens: A new paradigm for intellectual property assets?
Cointelegraph
Published Aug 14, 2021 03:12AM ET
Updated Aug 15, 2021 05:20AM ET
Nonfungible tokens, or NFTs, are digital records of the ownership of assets. The asset types most commonly associated with NFTs are digital assets, such as artwork like memes, GIFs, or gaming characters or properties. Assets represented by NFTs, however, may be digital, physical, tangible or intangible. Examples of asset types that have been transferred or that have had their ownership recorded utilizing NFTs include sports memorabilia, copyrights in music, artwork and real estate. Intellectual property assets and, specifically, the ownership and transfer of ownership of patents may also be recorded and transferred as NFTs.
Related: Nonfungible tokens from a legal perspective
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Written By: Cointelegraph
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