The Need For Insurance Options To Protect NFTs

Pillsbury

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07.13.21

Pillsbury Intellectual Property associate Chaz Hales discusses the need for insurance options to protect nonfungible token (NFT) owners.

“The challenge for insurers will be to take currently offered coverages, add insurance protection for risks unique to NFT transactions and participants, and then create NFT-specific insurance policies for NFT creators, NFT owners, digital marketplaces, storage wallet providers and server farms. Until that happens, the participants to NFT transactions are exposed to potentially significant risks for which there is no current insurance product.”

Read the full article here.

Tags: Chaz Hales, Insurance Recovery & Advisory, Non-Fungible Tokens (NFTs), Fintech, Payments & Blockchain, Intellectual Property, Litigation, Private Client & Family Office, Washington, DC

The Need For Insurance Options To Protect NFTs

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