How Nonfungible Tokens Could Disrupt The Legal Landscape

By Ali Dhanani and Chris Sabbagh (March 22, 2021, 3:54 PM EDT) -- When a virtual car sells for more money than most real, material cars, is it a sign of a bubble or a lucrative new industry?

In late 2020, a digital car sold for approximately $77,000.[1] And that was just the beginning; The digital collectible market has exploded in recent months, with several pieces selling for more than $1 million.[2]

The technology that enables these collectibles is called a nonfungible token.[3] NFTs are similar to traditional cryptocurrency tokens like Bitcoin and Ether. They are digital assets, they exist on a blockchain, they hold value and they can be purchased.[4]

Unlike traditional crypto...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!