A brief outline of legal issues around NFTs By Jerome Doraisamy|26 May 2021 With the global market for non-fungible tokens (NFTs) exploding right now, it will be critical for lawyers to better understand the various issues associated with them, says one partner. In conversation with Lawyers Weekly, Piper Alderman partner Michael Bacina (pictured) said that the popularity of NFTs is only likely to increase over time, and lawyers keen to involve their practices in such data units should be making time to better understand the blockchain space and how best they can upskill. A non-fungible token, or NFT, he explained, is a “digitally unique token” which is not interchangeable – that is, non-fungible – with other digital assets.