Linking a digital asset to an NFT. Technical and legal analysis

NFTs (non-fungible tokens) enable the commercialization of goods and services through blockchain technology, enhancing the security, transparency, and speed of transactions. The primary challenge NFTs face is their connection to the underlying asset, ensuring that transferring the token also means t...

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Autores:
Tipo de recurso:
Article of journal
Fecha de publicación:
2024
Institución:
Universidad de Bogotá Jorge Tadeo Lozano
Repositorio:
Expeditio: repositorio UTadeo
Idioma:
OAI Identifier:
oai:expeditiorepositorio.utadeo.edu.co:20.500.12010/35849
Acceso en línea:
https://ideas.repec.org/a/gam/jlawss/v13y2024i5p59-d1475883.html
http://hdl.handle.net/20.500.12010/35849
Palabra clave:
Blockchain
Legal regulation
NFT
Digital asset
Metadata
Smart contract
Token
Rights
License
Abierto (Texto Completo)
Description
Summary:NFTs (non-fungible tokens) enable the commercialization of goods and services through blockchain technology, enhancing the security, transparency, and speed of transactions. The primary challenge NFTs face is their connection to the underlying asset, ensuring that transferring the token also means transferring the linked asset. This interdisciplinary article examines the technical and legal challenges of creating and linking a digital asset to an NFT. To explain the binding process, an NFT associated with a digital artwork was created, and relevant internal and uniform legal regulations were analyzed.