ARTICLE
8 August 2023

NFTs: A Failure Of Their Counterfeit-proof And Trusty Objective?

EN
Elias Neocleous & Co LLC

Contributor

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
Non-Fungible Tokens (NFT's) have become increasingly popular over the course of the last several years, generating billions of dollars in revenue as a result.
Cyprus Technology

Non-Fungible Tokens (NFT's) have become increasingly popular over the course of the last several years, generating billions of dollars in revenue as a result. However, despite their growing notoriety, NFT's also come with significant challenges and risks pertinent to lack of regulation, intellectual property infringements, Web3 anonymity, and theft. An article authored by Iosifina Koutsonikola, Lawyer Trainee at Elias Neocleous & Co LLC, explores some of the most recent incidents related to NFT's and the need for the adoption of legislation to mitigate the risks incurred through unregulated NTF transactions and Web3 usage.

The full article can be found on Great Britain - Cyprus Business Association e-newspaper here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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