By Louise Carron.

The following is being reprinted with permission from: Entertainment, Arts and Sports Law Journal, 2021, Vol. 32 No. 2, published by the New York State Bar Association, One Elk Street, Albany, NY 12207.

Much has been said and written about non-fungible tokens (“NFTs”) and attorneys are getting up to speed. Relying on blockchain technology, NFTs refer to a concept of ownership of digital or physical assets that is recorded, encrypted, and reliant on cryptocurrencies. When it comes to art, NFTs have the potential to shift control to artists, to push regional boundaries, and to reduce transaction costs. Lawyers are starting to grasp the complexity of the legal issues they have to address as clients ask them to navigate a field evolving on a daily basis.

A is for Art