The Austrian Civil Code in the Digital World: Reflections on the Legal Classification of NFTs

While digital coins such as bitcoin and ether brought in the new year with a rapid drop in value, non-fungible tokens (NFTs) continue to enjoy great popularity. The goal of an NFT is to digitally represent proof of ownership or authenticity on a so-called blockchain. This should make the legal and actual owner of the asset clear at all times. This article classifies NFTs under civil law.

Read this article co-authored by Markus Fasching here to find out more.

authors: Markus Fasching, Lisa Marie Bernsteiner
references: RdW 2022/188