Non-Investment Finance in an NFT World

The Cambridge Handbook on Law and Policy for NFTs (Nizan Geslevich Packin, ed.), Forthcoming

University of Tennessee Legal Studies Research Paper

20 Pages Posted: 19 Sep 2023 Last revised: 10 Mar 2024

Date Written: August 29, 2023

Abstract

Recent years have witnessed the rise of NFTs as vehicles for non-investment finance, including in nonprofit and political fundraising. As with other financial sectors in which NFTs have a role, the use of NFTs in financing nonprofits and political campaigns and committees has revealed gaps and ambiguities in existing legal regulatory systems. Appetite exists to evolve legal frameworks to complete and clarify applicable bodies of law and regulation.

This chapter undertakes to illuminate and reflect on the use of NFTs in financing nonprofits, political campaigns, and political committees. It begins by reviewing general aspects of the non-investment Internet finance environment and then describes and illustrates the use of NFTs in nonprofit and political fundraising. The chapter also offers guidance and reflections on core issues under applicable law and regulation and reflections on legal and regulatory questions and approaches relevant to non-investment finance using NFTs.

Keywords: NFTs, non-fungible tokens, nonprofits, campaign finance

JEL Classification: G18, G38, K22, K30, K34

Suggested Citation

Heminway, Joan MacLeod, Non-Investment Finance in an NFT World (August 29, 2023). The Cambridge Handbook on Law and Policy for NFTs (Nizan Geslevich Packin, ed.), Forthcoming , University of Tennessee Legal Studies Research Paper, Available at SSRN: https://ssrn.com/abstract=4554832

Joan MacLeod Heminway (Contact Author)

University of Tennessee College of Law ( email )

1505 West Cumberland Avenue
Knoxville, TN 37996
United States
865-974-3813 (Phone)
865-974-0681 (Fax)

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