If an NFT entitles the owner to get a real physical asset, is that object’s value the NFT’s real value?

Select jurisdiction

Brazil

The value of the NFT is defined by the cost of creating that NFT. It can represent a good that has its own value and cost of manufacture. The value of the NFT will be the amount in cryptocurrency paid by it, observing the rules of conversion to RFB.

Fabio Cendão

Intellectual Property and Innovation

Sweden

The object’s value will be subject to its value both on and off the chain in such a case.

Elvin Sababi

Regulatory and Compliance (including AML), NFT IP rights, Crypto taxation