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    Analysis of non-fungible tokens in art law
    (İstanbul Bilgi Üniversitesi, 2023) Ekinci, Zeynep; Keser Berber, Leyla
    ABSTRACT: The subject of this study includes the analysis of the effects of Non-Fungible Tokens (NFTs), which emerged as a product of blockchain technology and gained popularity especially since 2021, on art law. In the first part of the study, the development of the art law and its subject matters are examined, followed by the definition, technological mechanisms, types, brief history, use cases, creation, trading, and the current market of Non-Fungible Tokens (NFTs). In the second part of the study, the issues related to the legal definitions of Non-Fungible Tokens (NFTs), important points to beware for creating and trading Non-Fungible Tokens (NFTs) without violating the rights of any third party, along with selected much debated copyright law questions are discussed. Afterwards, the liability of the Non-Fungible Tokens (NFTs) markets and other intermediaries in the transactions related to Non-Fungible Tokens (NFTs), followed by Non- Fungible Tokens’ (NFTs) effects on important issues of art law, such as ownership, authenticity, provenance, and artists are examined. In the third and last chapter, general information on the regulation of Non- Fungible Tokens (NFTs) is provided, followed by the explanation of the interplay between Non-Fungible Tokens (NFTs) with dispute resolution and tax implications. Finally, skepticism and concerns regarding the Non-Fungible Tokens (NFTs) are mentioned.