Non-fungible tokens (NFTs) have been making headlines recently for being sold at auction for enormous sums of money. Business school drop-out turned American DJ, 3LAU, apparently sold his NFT collection just over a month ago for $11.6 million USD ($15 million AUD).[1] Grimes, otherwise known as Claire Boucher, a prominent musician and partner to Tesla CEO, Elon Musk, sold multiple digital artworks amounting to a total of $6 million USD ($7.79 million AUD).[2]
So what are NFTs and how can they help you protect your intellectual property (IP)? [Read more…]