In a recent alert, we painted the big NFT picture, highlighting what a non-fungible token (NFT) means and the opportunities they present (see here). In this second part of the NFT series, we will take a deeper look at local regulatory control (or lack thereof) in this uncharted territory. Why Regulation? NFTs are being sold for record breaking prices. At the time of writing, the most expensive NFT sold is Pak’s ‘The Merge’ for US$91.8 million (but with 30,000 multiple owners). Beeple’s Everydays: the First 5000 Days follows being sold for US$69.3 million (by just one buyer). The secondary market for NFTs can prove ... (full story)