Non-fungible tokens—also known as NFTs or “nyfties”—are digital assets on the secure blockchain. They are mainly used to sell exclusive, digital items online and since a digital artwork tokenised as a NFT sold for $69 million at Christies in March 2021, it has expanded into various other industries, ranging from sport, fashion, music, films, entertainment to many more.
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15 June 2022 As major fashion brands launch their own non-fungible tokens, others are testing the limits of trademark enforcement in the digital realm, say Cynthia Walden and Sarah Kelleher of Fish & Richardson.
1 February 2022 In the Bitcoin whitepaper, Satoshi Nakamoto detailed a “purely peer-to-peer version of electronic cash” using timestamps to form a chain of transactions to keep a “public history of transactions”.
6 January 2022 Film director Quentin Tarantino has confirmed auction dates for the sale of non-fungible tokens of his landmark film, Pulp Fiction, despite facing a copyright infringement suit by movie studio, Miramax, over these plans.