Top Issues with NFT

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PrimaFelicitas
Tax and securities laws While it has been
established that crypto assets are
legalpropert1it is stillnot clear ifcrypto
assetslike NFTs are choses in action or another
type of property. This willhave wide
ranging impacts, including in tax treatment.
Environmental Concerns and Regulation
Environmentalgroups have called for regulations
requiring NFT transactions to be more transparent
about the total carbon emission associated with
each sale.
Impact on Brands Bigbrands are already
considering the use of their trade marks in the
metaverse and Web3. Although some existing trade
mark registrations may be used to prevent
the unauthorised use of Identical or similar
marks In immersive and Interactive online worlds.
Copyright Issues In the same way that
purchasingan original painting does not mean that
the buyer acquires the copyright in It. the owner
of an NFT does not necessarily own the copyright
In the work. The purchaser typically acquires
only a right to display and use the underlying
asset.
Top Issues with NFT
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Enforcement Courts have been quick to Intervene
and grant relief to prevent valuable NFTs from
being traded by bad actors.