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ARTICLE · 16 JULY 2021

Patent NFTs A New Bubble In Making?

Photon legal
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Non-fungible tokens (NFTs) are creating a buzz on the internet same as Elon Musk creates in the crypto market with a tweet related to Dogecoin.

IndiaIntellectual Property
Shivang Khandelwal
Shivang Khandelwal
Prayank Khandelwal
Prayank Khandelwal
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Non-fungible tokens (NFTs) are creating a buzz on the internet same as Elon Musk creates in the crypto market with a tweet related to Dogecoin. You might have heard the recent news involving Twitter CEO Jack Dorsey selling the first-ever published tweet as an NFT for an eye-popping $2.9 million. If you have not heard this, I am pretty sure you must have heard about Vignesh Sundaresan an Indian-born blockchain entrepreneur who bought the most expensive artworks ever sold at Christie's. Vignesh bought the artwork as an NFT for a whopping $69.3M, EVERYDAYS: THE FIRST 5000 DAYS, created by famed digital artist Mike "Beeple" Winkelmann. All these numbers may look very compelling to creators but before you go and start listing your artwork as an NFT first let's understand what exactly are NFTs.

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