Non-Fungible Tokens (NFTs) are increasingly considered modern-day collectibles – and their market is skyrocketing. With a sale price of US$69.3m, the third-most expensive work from a living artist ever sold is an NFT. In 2021, the estimated value of NFTs on the Ethereum blockchain totalled US$40.9bn while the global art market was worth US$50.1bn. Deep dive into the space and learn about the use cases of NFTs as well as business and legal challenges with industry experts Peter Evans (Managing Partner, Platform Strategy Institute), Isabelle Bonnet (Partner, Blockchain Solutions), Nathalie Braz (Law professor, University Sorbonne Abu Dhabi) and INSEAD Professor Pavel Kireyev.
Further reading
• Making Sense of the NFT Marketplace, by Pavel Kireyev and Peter C. Evans, Harvard Business Review, November 18, 2021
• The Non-Fungible Token Bible: Everything you need to know about NFTs by Devin Finzer, OpenSea Blog, January 10, 2020