Court of Appeal Approved the Injunction Regarding NFT
NFTs, defined as non-fungible digital assets, are possibly one of the most popular digital assets that have emerged in recent years. They have become prominent in the rapidly growing gaming industry, as well as health and art sectors. In this regard, NFTs are appealing to many artists, collectors and investors.
The rapid development and popularity of NFTs has led to the creation of a large worldwide market. NFTs’ popularity has rendered disputes inevitable. Legal systems, on the other hand, were unable to keep up with this rapid development. Thus, naturally, current regulations have fallen short of addressing many of the key legal issues regarding NFTs.
Even though there are no regulations fully regulating NFTs, existing disputes and jurisprudence regarding NFTs are guiding the practice. One of the mo