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Emilio Bufano

Blockchain and art market: digital platforms, new assets and old rules

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Abstract

Technological innovation of the art market through blockchain expands despite the absence of a specific regulatory framework on what legal effect results from the application of such mechanisms. The services that are offered spontaneously in the market show different nuances of the phenomenon, from the certification of the provenance to the issuance of non-fungible tokens (NFT), even for the purpose of fragmenting ownership. For now, risks seem to outweigh benefits for legal certainty.

Keywords

  • Blockchain
  • Token
  • Art Market
  • New Technologies

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