Home Nike shoes NFT Due Diligence Lessons from Recent Cases

NFT Due Diligence Lessons from Recent Cases

By Stuart Irvin, Phillip Hill and Dallin Earl (April 12, 2022, 7:22 p.m. EDT) – Non-fungible tokens, or NFTs, have been a booming business since the 2017 launch of digital collectibles like CryptoKitties and CryptoPunks. Beyond the current fascination with Bored Ape Yacht Club NFTs and modern manifestations of tulip mania, NFTs are a new and valuable technology, with increasingly innovative and sustainable commercial implementations.

This article explores four ongoing cases involving NFT disputes. Although neither has made a decision on the merits, both sides have now set out their positions and there are clear themes and implications. We provide an actionable NFT introduction, key takeaways, and questions to help evaluate future NFT offerings.

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