Legal framework of the new trending cryptocurrency: NFTs

Legal framework of the new trending cryptocurrency: NFTs

Most of us are already familiar with the terms blockchain or bitcoins, but what are the new crypto assets called NFTs?  

Non fungible tokens or NFTs for short are blockchain-based digital assets, whose difference with other digital pieces is that no two are alike. This prevents the alteration of the item and confers a series of rights to the author or its owner over the work.  

Our BALDER partner, Patricia Koch, together with other experts in the field, analyzes these utility tokens and their legal framework in the following Expansión article: 

Works of art and sneakers that do not exist; legal challenges of investing in cryptoassets