The Bored Ape NFT has been deemed a digital asset in the landmark court case.
with Singapore Courts, and in a first of its kind case, the court ruled that NFTs qualify as a digital asset that could be protected.
“It is the first decision in a commercial dispute where NFTs are recognized as valuable property worth protecting,” said as cited in Bloomberg. Leong is the lead counsel for the case and an equity partner of Withersworldwide. “[T]he implication is that NFT is a digital asset and people who invest in it have rights that can be protected.”
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