NFTs May Come With Rewards, But Also Legal Risks

Law360 (July 21, 2021, 4:17 PM EDT) -- When digital artist Beeple's "Everydays: The First 5000 Days" sold at Christie's International PLC for $69.3 million in March, nonfungible tokens, or NFTs, officially became the art market's newest bright shiny object.

The auction houses responded enthusiastically: Sotheby's and Phillips Auctioneers LLC announced their own upcoming NFT sales, and Christie's doubled down, including a CryptoPunk NFT in its marquee May evening sale that sold for $16.9 million.

Buyers who entered the NFT market early are experiencing enormous returns on their investments. But those who are entering the market now with the expectation of quick and substantial profits should proceed with caution,...

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!

TRY LAW360 FREE FOR SEVEN DAYS

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!