Research On The Legal Regulation Of Nonfungible Token(NFT)

The rapid development of blockchain technology provides technical basic conditions for the construction of the meta-universe.NFT(Non-Fungible Token)are a necessary tool for the meta-universe to carry out commercial activities.In essence,it is a non-reproducible and unique token issued based on smart contracts.The application of NFT has rolled up a huge wave of innovation in the field and utilization mechanism of traditional online works,realizing a leap in the quantity and quality of virtual asset creation transactions,thus supporting the upward development of the meta-universe virtual economy and empowering the real economy.However,its birth has also buried all kinds of hidden dangers at three levels,from trading entities,trading platforms to financial markets.At present,the lack of laws and regulations in China is difficult to guide NFT to a benign and stable development path.Therefore,this article will start from the practical risks caused by its complex technical characteristics and unclear legal nature,and put forward reasonable suggestions for improving legal regulations based on the current situation of China’s legal regulation experience combined with foreign advanced regulatory experience.This article mainly consists of the following five chapters:Chapter 1 is an introduction,which mainly includes the background and significance of research,research reviews at home and abroad,research ideas and methods,research innovations and shortcomings,etc.,which leads to the theme of this article.Chapter 2 is the basic problem of NFT.It mainly introduces the basic concepts and characteristics and operation mechanism of meta-universe and NFT,and analyzes the legal nature of NFT "network virtual property","copyright" and "securities" according to the academic community and discusses the adaptability of different It provides theoretical support for the following discussion of the practical risks caused by NFT.Chapter 3 is the actual risk and regulatory status of NFT.Mainly through the above investigation,it is found that China’s NFT currently have intellectual property rights,underlying technology and rights relief risks in terms of trading entities.In terms of trading platforms,there are complicated and disordered trading platforms and chaotic trading rules.In the financial market There is a risk of speculation and money laundering in the field;and through the real risk,it is found that China’s nonhomogeneous token has the current situation of weak intellectual property protection,insufficient holding protection measures,and poor rights relief path in the trading platform.There is a lack of platform market access system and insufficient supply of trading mode system in the trading platform.In the financial market,there is a current situation of regulation with insufficient secondary market norms and weak review and monitoring rules.According to the above content,the suggestions for improvement of the following text are introduced.Chapter 4 is a comparative investigation of the legal regulations of foreign NFT.It mainly compares the legal regulatory measures of foreign NFT through comparative methods,and puts forward inspirations for the improvement of relevant laws and regulations in China according to the direction of foreign regulations and the focus.Chapter 5 is the improvement of the legal regulation of NFT in China.It is mainly aimed at the various risks and the insufficiency and lack of regulations of NFT in China.From the perspective of the transaction subject,it proposes to improve the special intellectual property protection supporting system,improve the standard of holding security protection measures,and improve the rights Suggestions for the improvement of the system,from the perspective of the trading platform,put forward suggestions for the establishment of the platform’s market access system,the establishment of the platform’s basic trading system,and from the perspective of the financial market,put forward suggestions for improving the secondary market management system,improving the rules of review and monitoring.