Non-Fungible Token (NFT) as a subject of a contract Cover Image

Non-Fungible Token (NFT) jako przedmiot umowy
Non-Fungible Token (NFT) as a subject of a contract

Author(s): MAGDALENA JURCZUK
Subject(s): Civil Law, ICT Information and Communications Technologies
Published by: Uniwersytet Adama Mickiewicza
Keywords: NFT; Non-Fungible Token; nonfungible token; blockchain;

Summary/Abstract: The purpose of this paper is to classify the Non-Fungible Token as an object of a digital transaction and the nature of its acquisition contract. NFT is a digital asset can represent various content and is not a subject to a univocal classification. The analysis indicates that an instrument of entitlement best serves the essence of a token. In a broader sense, NFTs are categorised as proprietary interest. A NFT transaction is defined as a contract for the exchange of cryptocurrency for a digital asset. It is an important obligation of a party to the transaction to provide information on the token before entering into the contract. When assessing the NFT, its metadata and available information should be analysed.

  • Issue Year: 2023
  • Issue No: 13
  • Page Range: 79-88
  • Page Count: 10
  • Language: Polish