NFTs are a new asset powered by a new technology, so regulators will need to craft all-new solutions.
Innovation Circle Own this piece of history
Many outside the crypto industry first heard of nonfungible tokens only within the last year or so, with most mainstream coverage focused on the digital artwork market. Those not in the know may well have thought NFTs would amount to nothing more than digital collectibles. However, industry pioneers grasped the full potential of NFTs, and new applications are surfacing that could impact multiple industries.
As the value of NFTs as assets is realized, regulation is sure to follow — but it won’t be as simple as applying the rules established for
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!