Revolutionising the “creator” economy: are non-fungible tokens “virtual assets” in the Cayman Islands?
There has been an explosion of interest around non-fungible tokens (NFTs) (otherwise known as “niftys” and “crypto-collectibles”) in the past year and even greater growth in the sector is expected for 2022. According to Jeffries, the NFT market is forecast to be valued at more than US$35 billion for 2022 and to over US$80 billion for 2025.