NFTs (Non-Fungible Tokens) have opened new revenue streams and
earning potential for brands, celebrities, athletes, artists,
bands, songwriters, authors, and many others in the
"creator" economy.
Interest in and sales of NFTs surged during the COVID-19
pandemic and the interest continues as more businesses and
individuals invest in NFTs and the metaverse, whether proactively
or defensively.
What are NFTs?
NFTs are digital assets based on computer code with a unique
identifier that creates proof of title to underlying digital and/or
physical assets, such as artwork, music, literature, games,
clothing or other virtual or non-virtual goods or creative works.
NFTs may be compared to a digital certificate of authenticity or
deed of title and can be used to prove ownership and authenticity
of an asset as evidenced by an immutable, cryptographically-secured
record on a blockchain such as Ethereum or other distributed ledger
technology. In contrast to fiat currency and
