Court in China Determines That NFTs Represent Virtual Property and Are Protected by Law

Though a court in China ruled against the claims made by a non-fungible token (NFT) buyer, it found that these tokens are virtual property protected by law. The ruling was reached by a court in the city of Hangzhou, the capital of the Chinese province of Zhejiang, in a case that involved a contract dispute regarding an NFT collection sale, said the statement by the court published on Tuesday last week.... Read More: Court in China Determines That NFTs Represent Virtual Property and Are Protected by Law