How UCC Article 12 May Make NFTs More Valuable

This article was originally written and published in a longer form by the American Bar Association on March 22, 2023.

Non-fungible tokens (NFTs) came into the mainstream through celebrity-driven art projects, but there may be other intriguing use cases. Providing accurate and secure registers of ownership with the ability to embed smart contract attributes means that NFTs present a novel and potentially disruptive way to track and distribute certain forms of IP. But mainstream adoption of NFTs as a tool for IP exploitation will require vested interest holders to understand the full breadth of their utility and convenient application of the rapidly evolving law addressing digital asset commerce.