NFTs are 'private property,' a UK court has decided. What does this mean for the future of the industry?
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But for Graham, the ruling still set an “interesting precedent,” as the court had issued an injunctive order to OpenSea. This is significant in terms of courts stepping in and providing injunctive relief where NFTs have been stolen. He added: Speaking to Cointelegraph, Anna Trinh, chief compliance officer of digital finance firm Aquanow, noted that the ruling is not revolutionary, but not without “executive importance.” Establishing legal precedent that affirms what most already believed to be the case may give NFT platforms more comfort in demanding to freeze malevolent actors’ accounts. Trinh said:
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