For instance, an NFT #representing virtual real estate in the metaverse can entail #distinct legal implications versus an NFT representing digital artwork, since it pertains to ownership of virtual space and governance of virtual entities. – Vinita Rathi, Systango
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This #understanding will help them to approach regulation in a way that recognizes the #distinct features of NFTs and avoid stifling innovation in the space.
Regulators should #understand the unique nature of NFTs as #distinct, one-of-a-kind digital assets.
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