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NFTs and Why They're So Hot

Bloomberg Law

00:00

What You Get When You Buy an NFT?

If you buy an nft, what do you get? A digital file. Each nft has its own set of rights with it. It's a way of authenticating the person that purchased at nft is really the true owner of that piece of digital art work. Whether the securities laws apply is going to be a developing question. But right now it's a buy or beware market so buyers really have to dig deep and understand what they are getting.

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