Non-fungible tokens (NFTs) are gradually becoming more and more popular. There has been a substantial increase in the use and trading of NFTs thanks to their dynamic and broad use cases across platforms, as well as their ability to support digital scarcity and proven ownership of unique, one-of-a-kind assets. In this article we outline what is a non-fungible token, their characteristics and specifications, and how they can be used.

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Shreyas Jayasimha, founder and managing partner at Aarna Law, recently spoke at a webinar hosted by the American Arbitration Association on Disputes Involving Blockchain and Crypto Assets: Recent Strides.