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NFTs Still Face Legal Challenges, But More Clarity Expected Soon
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Non-fungible tokens (NFTs) are currently facing some legal challenges, but more clarity on how the digital collectibles will be treated from a regulatory standpoint could be coming soon, panelists at a virtual seminar hosted by crypto tracking website CoinGecko agreed.
With the NFT space continuing to grow both in terms of the number of collectibles being created and the amount of capital entering the space, regulators are increasingly taking notice what is happening there, Anjan Vinod, an investment analyst at the crypto-focused investment firm ParaFi Capital, said during the discussion on Wednesday.
He stressed that the activity in the NFT space “doesn’t go unnoticed forever,” while explaining that it is important that the market functions
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