Ever since the digital artist Beeple sold an NFT (non-fungible token) of his work for $69 million dollars, there’s been a ridiculous amount of excitement surrounding NFTs. Some have called it a revolutionary way to buy and sell copyrights while others have called it a fad, a scam, or worse. The truth is, it’s far too early to tell what the true economic or societal impacts of NFTs are, at least until the hype dies down. And I’m far from an expert so I don’t think my input on that front is helpful anyway. I’m more interested in the legal impacts of NFTs which are, presently, unclear.