Personal property or right of access?
What is an NFT?
An NFT, or non-fungible token, is a unique set of data tracked
on the blockchain that can be thought of as certificate of
ownership for a digital or physical asset, but which can also be
bought and sold itself. The blockchain stores an immutable record
each time a transaction of the NFT takes place, allowing the asset
with which the NFT is affiliated to be tracked and authenticated.
Presently, most NFTs are minted on the Ethereum blockchain, a type
of cryptocurrency, and are stored in NFT-compatible digital
wallets.
Current Applications
NFTs are commonly linked with "one-of-a-kind" digital
assets. In an age where online copyright infringement is rampant,
being able to verify the "original" of a piece of digital
artwork, limited edition comic, autographed video clip, or digital
trading card reestablishes the scarcity these types of assets
traditionally derive their value from. There are
