What is an NFT, and how does copyright law come into play? The term NFT stands for “non-fungible token”. A Bitcoin is a fungible token, just like dollars are fungible. One Bitcoin is the same as another, exactly as one U.S. dollar is equal to any other U.S. dollar. Unlike Bitcoins or dollars, each NFT is unique. An NFT is a digital certificate of ownership. It’s simply a way of stating, and verifying, who is the owner of any digital asset, such as a piece of art. The reason anyone cares about NFTs is that they make it easy for…
