Carlton Fields’ Tom Morante Authors Business Law Today Article on NFTs in the Art World
Carlton Fields attorney Tom Morante authored a Business Law Today article about the arrival of non-fungible tokens (NFTs) as loan collateral in the art world.
Morante analyzes what would need to be reviewed or reworked in regards to authentication, appraisals, perfection of a security interest, and casualty loss and theft for institutional lenders to be comfortable with these new NFT-secured loans.