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Legal Issues Around Tangible Asset NFTs

When a NFT is transferred to another, both the NFT and its copyright are automatically transferred. However, the intellectual property rights associated with the underlying asset may not necessarily be automatically transferred, unless stated otherwise.

8 minute read December 01, 2021 at 12:46 AM
By
Jonathan Bick
Legal Issues Around Tangible Asset NFTs

Midwest Tungsten, a supplier of metal for industrial uses, recently paired a blockchain with a 14.545-inch, 2,000-pound cube of tungsten to produce a non-fungible token (NFT). Assets that are digitally transferrable between two parties via blockchain are commonly referred to as "tokens."

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