NFTs: US Policies and Priorities in 2023

Non-fungible tokens, or NFTs, offer unique policy challenges and are an increasingly popular technology that acts as a digital certificate of ownership. While the United States has taken some important steps to address the potential risks and benefits of the technology, there is more policymakers can do to protect consumers while encouraging innovation

As the technology has matured, different sectors have experimented with new use cases for it, including in gaming, entertainment, and fashion, and the technology is poised to be a key component of the metaverse—a shared, immersive virtual space where people can interact online.