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Article

Linking a Digital Asset to an NFT—Technical and Legal Analysis

by
William Fernando Martínez Luna
1,*,
Ana María Moreno Ballesteros
2 and
Edgar José Ruiz Dorantes
2,*
1
Faculty of Law, Jorge Tadeo Lozano University, Bogotá 110311, Colombia
2
Academic Area Digital Industries and Technologies, Jorge Tadeo Lozano University, Bogotá 110311, Colombia
*
Authors to whom correspondence should be addressed.
Laws 2024, 13(5), 59; https://doi.org/10.3390/laws13050059
Submission received: 15 July 2024 / Revised: 26 August 2024 / Accepted: 5 September 2024 / Published: 11 September 2024

Abstract

NFTs (non-fungible tokens) enable the commercialization of goods and services through blockchain technology, enhancing the security, transparency, and speed of transactions. The primary challenge NFTs face is their connection to the underlying asset, ensuring that transferring the token also means transferring the linked asset. This interdisciplinary article examines the technical and legal challenges of creating and linking a digital asset to an NFT. To explain the binding process, an NFT associated with a digital artwork was created, and relevant internal and uniform legal regulations were analyzed.
Keywords: blockchain; legal regulation; NFT; digital asset; metadata; smart contract; token blockchain; legal regulation; NFT; digital asset; metadata; smart contract; token

Share and Cite

MDPI and ACS Style

Martínez Luna, W.F.; Moreno Ballesteros, A.M.; Ruiz Dorantes, E.J. Linking a Digital Asset to an NFT—Technical and Legal Analysis. Laws 2024, 13, 59. https://doi.org/10.3390/laws13050059

AMA Style

Martínez Luna WF, Moreno Ballesteros AM, Ruiz Dorantes EJ. Linking a Digital Asset to an NFT—Technical and Legal Analysis. Laws. 2024; 13(5):59. https://doi.org/10.3390/laws13050059

Chicago/Turabian Style

Martínez Luna, William Fernando, Ana María Moreno Ballesteros, and Edgar José Ruiz Dorantes. 2024. "Linking a Digital Asset to an NFT—Technical and Legal Analysis" Laws 13, no. 5: 59. https://doi.org/10.3390/laws13050059

APA Style

Martínez Luna, W. F., Moreno Ballesteros, A. M., & Ruiz Dorantes, E. J. (2024). Linking a Digital Asset to an NFT—Technical and Legal Analysis. Laws, 13(5), 59. https://doi.org/10.3390/laws13050059

Note that from the first issue of 2016, this journal uses article numbers instead of page numbers. See further details here.

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