Non-Fungible Tokens (NFTs) have become increasingly popular over the course of the last several years, generating billions of dollars in revenue as a result. However, despite their growing notoriety, NFTs also come with significant challenges and risks pertinent to lack of regulation, intellectual property infringements, Web3 anonymity, and theft. An article authored by Iosifina Koutsonikola, Lawyer Trainee at Elias Neocleous & Co LLC, explores some of the most recent incidents related to NFTs and the need for the adoption of legislation to mitigate the risks incurred through unregulated NFT transactions and Web3 usage.
The full article can be found on Great Britain – Cyprus Business Association e-newspaper here.
For more information, please contact your regular contact at Elias Neocleous & Co LLC.
