In March 2021, a non-fungible token (NFT) based upon the artist Beeple’s “purely digital work” entitled, “Everydays – The First Five Thousand Days”, sold at Christie’s auction for US$69.3 million. The media reported the buyer used a cryptocurrency for the purchase, from his digital wallet and, rather than display it on a wall, will store the NFT in a compatible digital asset wallet on “a” blockchain, although it is already part of a blockchain. This seminar will consider what digital art, blockchain and NFTs are, what property you buy for $69 million, and some of the property issues that may arise.
About the Speaker:
Prof. Steven Gallagher, Professional Consultant, Professor of Practice in Law, CUHK LAW
The Law Society of Hong Kong has awarded this seminar 1 Continuing Professional Development (CPD) point.