In the first episode of the series, Dan Jewell (a legal director in our Technology Disputes team) joins Phillip to discuss non-fungible tokens, or “NFTs”. NFTs are an asset class that have rapidly captured popular imagination, with some NFT minters becoming millionaires virtually overnight, and others seeing NFTs they have purchased at a premium plunge in value. We discuss issues relating to the rights acquired when purchasing NFTs, the risk of fraud and how to guard against it, and the regulatory framework applicable to NFTs and how it might develop.