FAL WIRE

While headline-grabbing NFT sales dominate the news, a quieter but far more consequential shift is reshaping the art world: blockchain-based authentication for physical and digital artworks. Through phygital NFTs, mobile verification, and near tamper-proof provenance records, The Fine Art Ledger is helping galleries, artists, and collectors solve longstanding challenges of trust, fraud, and documentation—bringing secure, accessible authenticity to the heart of the art market.

Nearly two years after the SEC’s last substantive guidance on digital assets, regulatory clarity around blockchain tokens remains elusive. As utility tokens stalled under securities scrutiny, Non-Fungible Tokens (NFTs) have surged into the spotlight—driven by digital art, booming secondary markets, and headline-making sales. This post examines NFTs through the lens of the SEC’s Howey framework, questioning whether NFTs may raise securities law concerns and arguing that contin