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ARTICLE · 04 OCTOBER 2022

Platforms Including Apple Make Moves In The NFT Space

Frankfurt Kurnit Klein & Selz PC
Frankfurt Kurnit Klein & Selz PC
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Frankfurt Kurnit Klein & Selz PC

Frankfurt Kurnit Klein & Selz PC

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Apple has become the latest platform to embrace non-fungible tokens. As of September 2022, Apple, one of the largest tech companies in the world, has begun allowing apps...

United StatesTechnology

Apple has become the latest platform to embrace non-fungible tokens. As of September 2022, Apple, one of the largest tech companies in the world, has begun allowing apps for the purchase and sale of NFTs to be listed, installed, and sold through its App Store, which currently has over one billion users.

This development comes on the heels of the Ethereum Merge, whereby the Ethereum blockchain, the most widely used blockchain for NFTs, transitioned from a " proof of work" consensus mechanism to an environmentally friendly "proof of stake" model. It also follows a series of NFT-related announcements from other large platforms and tech companies, including:

  • Twitter launching NFT verification for profile pictures ("PFPs")

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www.fkks.com

This post first appeared in Frankfurt Kurnit's Focus on the Data blog (www.focusonthedata.com). It provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

Originally published by the New York Legal Ethics Reporter

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

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