NFTs took over the cryptocurrency world earlier this year and they show no signs of slowing down. The three-letter acronym, NFT, stands for “Non-Fungible Token”. NFTs made their presence known by non-crypto enthusiasts through extraordinary news coverage and developments such as digital artworks selling for $69 million,[1] a $532 million pixelated character (that never really “sold”),[2] and using NFTs in video games.[3] However, not all NFTs are created equally and risk being illegal due to copyright laws. To understand how an NFT may not be legal, a basic understanding of NFTs is first required.
