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ARTICLE · 22 JUNE 2022

Do You Need An NFT Owner Agreement?

Klein Moynihan Turco LLP
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Despite reported slower growth in 2022 so far, non-fungible tokens ("NFTs") are still expected to surpass 2021 in market sales.

United StatesTechnology
David O. Klein
David O. Klein
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Despite reported slower growth in 2022 so far, non-fungible tokens ("NFTs") are still expected to surpass 2021 in market sales. NFTs are unique digital files, featuring imagesor short videos, that are usually purchased with cryptocurrency, using blockchain technology to establish verified proof of ownership. As the growth of the NFT industry continues, potential sellers who create or "mint" NFTs, are encouraged to consider the myriad terms and provisions that serve to protect their interests and rights, even after NFT sales are completed. Such terms would typically be part of an NFT owner agreement, an essential part of any transaction.

What Should the NFT Owner Agreement Address?

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