Tackling the Intellectual Property Issues Relating to Non-Fungible Tokens (NFTs) – Lessons from the Republic of Korea

Abstract

A Non-Fungible Token or an NFT is described as a digital certificate representing ownership of, or rights to a unique digital asset, where the ownership is recorded on a non-centralized blockchain (a digital ledger of transactions that is not owned by the state or authoritative bodies).Common examples of NFTs are usually digital art or artistic works, including photos, videos, audio files, and collectibles, and may extend to game items, tickets, and other digital assets.