{"id":10781,"date":"2021-11-26T09:01:51","date_gmt":"2021-11-26T01:01:51","guid":{"rendered":"https:\/\/www.sw-hk.com\/?p=10781"},"modified":"2021-11-28T12:20:06","modified_gmt":"2021-11-28T04:20:06","slug":"lit-20211126-1","status":"publish","type":"post","link":"https:\/\/www.sw-hk.com\/zh\/lit-20211126-1\/","title":{"rendered":"\u5168\u7403\u4e3b\u8981\u5e02\u573a\u975e\u540c\u8d28\u5316\u4ee3\u5e01 (NFTs) \u7684\u6700\u65b0\u53d1\u5c55"},"content":{"rendered":"

\u81ea\u6700\u65e9\u53d1\u884c\u81f3\u4eca\uff0c\u975e\u540c\u8d28\u5316\u4ee3\u5e01 (Non-Fungible Tokens)(\u4e0b\u79f0\u300cNFT(s)\u300d) \u73b0\u5728\u5df2\u6210\u4e3a\u4f17\u6240\u5468\u77e5\u7684\u300c\u6709\u4ef7\u503c\u7684\u5546\u54c1\u300d\u3002\u7136\u800c\uff0c\u7531\u4e8e\u5b58\u5728\u7684\u5386\u53f2\u76f8\u5bf9\u8f83\u77ed\uff0c\u5927\u591a\u6570\u56fd\u5bb6\u548c\u53f8\u6cd5\u7ba1\u8f96\u533a\u5c1a\u672a\u5145\u5206\u8ba4\u53efNFTs\u6216\u52a0\u5bc6\u8d27\u5e01\u8d44\u4ea7 (crypto assets) \u7684\u6cd5\u5f8b\u5730\u4f4d\uff0c\u4e5f\u672a\u80fd\u63d0\u4f9b\u5168\u9762\u7684\u76d1\u7ba1\u6846\u67b6\u3002<\/p>\n

2021\u5e7411\u67081\u65e5\uff0c\u5728\u4e00\u6b3e\u540d\u4e3a\u300c\u9c7f\u9c7c\u5e01 (SQUID Tokens)\u300d\u7684\u5f00\u53d1\u5546\u643a\u6b3e\u6f5c\u9003\u540e\uff0c\u8be5\u4ee3\u5e01\u7684\u6295\u8d44\u8005\u906d\u53d7\u4e86\u5de8\u989d\u635f\u5931\uff0c\u5171\u8ba1250\u4e07\u7f8e\u5143\u3002\u8fd9\u4e00\u9a97\u6848\u4e3a\u6295\u8d44\u4e0e\u516c\u4f17\u8005\u63d0\u4f9b\u4e86\u53ca\u65f6\u7684\u8b66\u544a\uff0c\u63d0\u9192\u6295\u8d44\u8005\u4e0e\u516c\u4f17\u4e0d\u53ef\u5ffd\u89c6\u4e0eNFTs\u76f8\u5173\u7684\u98ce\u9669\u3002\u9274\u4e8e\u6295\u8d44\u8005\u4e0e\u516c\u4f17\u5bf9NFT\u5e02\u573a\u7684\u5174\u8da3\u65e5\u76ca\u589e\u52a0\uff0c\u672c\u6587\u65e8\u5728\u7b80\u8981\u4ecb\u7ecd\u5168\u7403\u4e3b\u8981\u5e02\u573aNFTs\u7684\u8fd1\u671f\u53d1\u5c55\u6982\u51b5\uff0c\u5305\u62ec\u5bf9\u4e8eNFTs\u6cd5\u5f8b\u5730\u4f4d\u7684\u53f8\u6cd5\u8ba4\u53ef\uff0c\u4ee5\u53caNFTs\u5728\u5a31\u4e50\u884c\u4e1a\u7684\u6700\u65b0\u5e94\u7528\u3002<\/p>\n

\u9996\u5148\uff0c\u6709\u5fc5\u8981\u6307\u51fa\u7684\u662f\uff0c\u4e00\u4e9b\u56fd\u5bb6\u5728\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u7981\u6b62NFTs\u6216\u4e0eNFTs\u76f8\u5173\u7684\u4ea4\u6613\u3002\u4f8b\u5982\uff0c\u4e2d\u56fd\u4eba\u6c11\u94f6\u884c\u4e8e2021\u5e749\u670824\u65e5\u5b8c\u5168\u7981\u6b62\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\uff0c\u800c\u5370\u5ea6\u7684\u7acb\u6cd5\u8005\u6b63\u5728\u8003\u8651\u5c06\u6301\u6709\u3001\u53d1\u884c\u3001\u91c7\u77ff\u3001\u4ea4\u6613\u548c\u8f6c\u79fb\u52a0\u5bc6\u8d27\u5e01\u8d44\u4ea7\u7684\u884c\u4e3a\u5b9a\u4e3a\u72af\u7f6a\u884c\u4e3a\u3002<\/p>\n

$\"\"$ <\/p>\n

\u9999\u6e2f<\/font><\/strong><\/p>\n

\u5728\u9999\u6e2f\uff0c\u4e00\u822c\u7684\u89c4\u7ba1\u60c5\u51b5\u662f\u82e5NFTs\u88ab\u89c6\u4f5c\u7b26\u5408\u300a\u8bc1\u5238\u53ca\u671f\u8d27\u6761\u4f8b\u300b(\u7b2c517\u7ae0)(\u4e0b\u79f0\u300c\u9999\u6e2f\u8bc1\u5238\u6761\u4f8b<\/strong>\u300d) \u9644\u88681\u6240\u5217\u7684\u300c\u8bc1\u5238 (securities) \u300d\u7684\u5b9a\u4e49\uff0c\u5219\u8be5\u7b49NFTs\u4fbf\u4f1a\u53d7\u5230\u9999\u6e2f\u8bc1\u5238\u53ca\u671f\u8d27\u4e8b\u52a1\u76d1\u5bdf\u59d4\u5458\u4f1a (\u4e0b\u79f0\u300c\u9999\u6e2f\u8bc1\u76d1\u4f1a<\/strong>\u300d) \u7684\u89c4\u7ba1\u3002\u7136\u800c\uff0c\u5982\u679c\u6b64\u7c7b\u4ee3\u5e01\u4e0d\u5c5e\u4e8e\u9999\u6e2f\u8bc1\u5238\u6761\u4f8b\u300c\u8bc1\u5238\u300d\u7684\u5b9a\u4e49\uff0c\u5219\u5b83\u4eec\u5c06\u4e0d\u53d7\u9999\u6e2f\u8bc1\u5238\u6761\u4f8b\u7684\u76d1\u7ba1\u7ba1\u8f96\u3002<\/p>\n

\u540c\u65f6\uff0c\u5728\u6c11\u4e8b\u6551\u6d4e\u65b9\u9762\uff0c\u9999\u6e2f\u9ad8\u7b49\u6cd5\u9662\u5728Nico Constantijin Antonius Samara v Stive Jean Paul Dan [2019] HKCFI 2718<\/strong>\u4e00\u6848\u4e2d\u5df2\u7ecf\u786e\u8ba4\u4e86\u52a0\u5bc6\u4ee3\u5e01\u7684\u300c\u6570\u5b57\u8d44\u4ea7 (digital assets)\u300d\u7684\u5730\u4f4d\uff0c\u5e76\u6279\u51c6\u4e86\u51bb\u7ed3\u8be5\u6848\u88ab\u544a\u7684\u8d44\u4ea7\u739b\u745e\u74e6\u7981\u4ee4 (Mareva Injunction)\uff0c\u5176\u4e2d\u5305\u62ec\u88ab\u544a\u6301\u6709\u7684\u6bd4\u7279\u5e01 (Bitcoin)\u3002\u7136\u800c\uff0c\u9999\u6e2f\u6cd5\u5f8b\u5bf9\u4e8eNFTs\u662f\u5426\u88ab\u8ba4\u5b9a\u4e3a\u300c\u666e\u901a\u4e2a\u4eba\u8d22\u4ea7\u300d \u672a\u6709\u6e05\u6670\u5b9a\u4e49\u3002<\/p>\n

\u57282021\u5e748\u6708\u4e2d\u65ec\uff0c\u4e00\u5bb6\u4f4d\u4e8e\u745e\u58eb\u7684\u7b2c\u4e09\u65b9\u8d44\u52a9\u8005(third-party funder)\u8d44\u52a9\u4e86\u8d85\u8fc7700\u540d\u7533\u8bf7\u4eba\u5728\u9999\u6e2f\u56fd\u9645\u4ef2\u88c1\u4e2d\u5fc3\u5bf9\u5e01\u5b89(Binance)(\u52a0\u5bc6\u8d27\u5e01\u7684\u4e3b\u8981\u4ea4\u6613\u6240\u548c\u4ea4\u6613\u5e73\u53f0) \u5f00\u5c55\u4ef2\u88c1\u7a0b\u5e8f\u3002\u8be5\u4ef2\u88c1\u7a0b\u5e8f\u662f\u5173\u4e8e\u5e01\u5b89\u4eca\u5e745\u6708\u7f51\u4e0a\u4ea4\u6613\u5e73\u53f0\u5d29\u76d8\u800c\u5f15\u53d1\u7684\u4e89\u8bae\u3002\u8be5\u4ef2\u88c1\u6848\u4ef6\u5c06\u4f1a\u4e3a\u9999\u6e2f\u6cd5\u5f8b\u754c\u53ca\u4ef2\u88c1\u754c\u5e26\u6765\u8bb8\u591a\u72ec\u7279\u7684\u6311\u6218\uff0c\u5305\u62ec (\u9664\u5176\u4ed6\u5916) \u5c06\u9999\u6e2f\u5355\u4e00\u6807\u51c6 (\u9999\u6e2f\u6cd5\u4f5c\u4e3a\u7ba1\u8f96\u6cd5\u5f8b) \u9002\u7528\u4e8e\u89e3\u51b3\u591a\u4e2a\u56fd\u5bb6\u548c\u53f8\u6cd5\u7ba1\u8f96\u533a\u5173\u4e8e\u6709\u4e89\u8bae\u7684\u6216\u81f3\u5c11\u662f\u5c1a\u672a\u786e\u5b9a\u7684NFTs\u4ea4\u6362\u548c\u4ea4\u6613\u9886\u57df\u670d\u52a1\u7684\u4e89\u8bae\u3002<\/p>\n

$\"\"$ <\/p>\n

\u82f1\u56fd<\/font><\/strong><\/p>\n

\u4e0e\u9999\u6e2f\u4e0d\u540c\uff0c\u82f1\u56fd\u9ad8\u7b49\u6cd5\u9662\u5728AA v Persons Unknown [2019] EWHC 3556 (Comm)<\/strong>\u4e00\u6848\u4e2d\u5df2\u7ecf\u786e\u8ba4\u52a0\u5bc6\u8d44\u4ea7\u88ab\u89c6\u4e3a\u300c\u8d22\u4ea7\u300d\u5e76\u6279\u51c6\u4e86\u6709\u5173\u539f\u544a\u4f5c\u4e3a\u8d4e\u91d1\u7684\u6bd4\u7279\u5e01\u7684\u6240\u6709\u6743\u5f3a\u5236\u4ee4 (proprietary injunction)\u3002\u6b64\u540e\uff0c\u82f1\u56fd\u6cd5\u9662\u4e00\u822c\u90fd\u613f\u610f\u5411NFT\u76f8\u5173\u7684\u9a97\u6848\u53d7\u5bb3\u8005\u63d0\u4f9b\u6807\u51c6\u6c11\u4e8b\u6551\u6d4e\uff0c\u4ee5\u5e2e\u52a9\u8bc6\u522b\u6b3a\u8bc8\u8005\u548c\u786e\u5b9a\u76f8\u5173\u8d44\u91d1\u7684\u53bb\u5411\u3002<\/p>\n

\u9664\u4e86\u5728\u6cd5\u5ead\u4e0a\u6709\u5173NFT\u7684\u8ba8\u8bba\u4e4b\u5916\uff0c\u82f1\u56fdStephenson Law\u5f8b\u5e08\u4e8b\u52a1\u6240\u66f4\u662f\u4e8e2021\u5e7410\u670825\u65e5\u63a8\u51fa\u4e86\u4e00\u7ec4\u4e09\u79cd\u4e0d\u540c\u7684\u4ee3\u5e01 (\u5176\u4e2d\u4e00\u79cd\u4ee3\u5e01\u5c06\u4f7f\u4e70\u5bb6\u6709\u6743\u4e0e\u5f8b\u6240\u521b\u59cb\u4eba\u8fdb\u884c\u4e00\u5bf9\u4e00\u7684\u4f1a\u9762)\uff0c\u6210\u4e3a\u9996\u5bb6\u63a8\u51faNFT\u7684\u5f8b\u5e08\u4e8b\u52a1\u6240\u3002<\/p>\n

$\"\"$ <\/p>\n

\u7f8e\u56fd<\/font><\/strong><\/p>\n

\u5728\u7f8e\u56fd\uff0cNFTs\u8d8a\u6765\u8d8a\u591a\u5730\u88ab\u5e94\u7528\u4e8e\u5a31\u4e50\u884c\u4e1a\u3002\u81ea\u4ece\u6570\u5b57\u827a\u672f\u5bb6\u8fc8\u514b\u6e29\u514b\u5c14\u66fc (\u53c8\u540dBeeple) \u4ee56,900\u4e07\u7f8e\u5143\u7684\u4ef7\u683c\u6210\u529f\u51fa\u552e\u5176\u521b\u4f5c\u7684NFT\u540e\uff0c\u7f8e\u56fd\u5a31\u4e50\u884c\u4e1a\u5bf9\u5c06\u5f71\u89c6\u4f5c\u54c1\u7684\u89c6\u542c\u7247\u6bb5\u751a\u81f3\u624b\u5199\u5267\u672c\u8f6c\u6362\u4e3aNFT\u7684\u5174\u8da3\u65e5\u76ca\u589e\u52a0\u30022021\u5e7411\u6708\u521d\uff0c\u6606\u6c40\u5854\u4f26\u8482\u8bfa (Quentin Tarantino) \u5ba3\u5e03\u8ba1\u5212\u51fa\u552e\u7535\u5f71 \u300a\u4f4e\u4fd7\u5c0f\u8bf4\u300b(Pulp Fiction)\u7684\u539f\u7248\u624b\u5199\u5267\u672c\u3002\u7136\u800c\uff0c\u5c31\u5728\u51e0\u5929\u4e4b\u5185\uff0c\u8fd9\u90e8\u7535\u5f71\u7684\u5236\u7247\u4eba\u7c73\u62c9\u9ea6\u514b\u65af\u5f71\u4e1a (Miramax) \u5c31\u4ee5\u8fdd\u53cd\u5408\u540c\u3001\u4fb5\u72af\u7248\u6743\u548c\u5546\u6807\u4e3a\u7531\u63d0\u8d77\u4e86\u8bc9\u8bbc\u3002\u5c3d\u7ba1\u6709\u5173\u827a\u672f\u54c1\u6a21\u7cca\u7684\u6240\u6709\u6743\u4ee5\u53ca\u76f8\u5173\u77e5\u8bc6\u4ea7\u6743\u7684\u95ee\u9898\u53ef\u80fd\u5df2\u7ecf\u5a01\u80c1\u5230\u4e86\u5176\u4ed6\u4e00\u4e9bNFTs\u7684\u53d1\u884c\uff0c\u4f46\u8be5\u7b49\u7ea0\u7eb7\u5bf9\u4e8e\u884c\u4e1a\u4e0eNFTs\u7684\u8fdb\u4e00\u6b65\u8054\u52a8\u53d1\u5c55\u800c\u8a00\u53ef\u8c13\u6070\u9022\u5176\u65f6\u3002<\/p>\n

\u4e0e\u6b64\u540c\u65f6\uff0cNFTs\u7684\u4ea4\u6613\u4e5f\u9762\u4e34\u7740\u6311\u6218\u30022021\u5e745\u670812\u65e5\uff0c\u4e00\u540d\u539f\u544a\u8d77\u8bc9\u4e86Dapper Labs, Inc. (\u4e0b\u79f0\u300cDapper<\/strong>\u300d) \u53ca\u5176\u9996\u5e2d\u6267\u884c\u5b98\uff0c\u6307\u79f0Dapper\u56e0\u5728\u5176\u4ea4\u6613\u5e73\u53f0NBA Top Shot\u51fa\u552eNFTs\u800c\u8fdd\u53cd\u8bc1\u5238\u6cd5\u3002\u539f\u544a\u8ba4\u4e3a\uff0c\u7531\u4e8eNFTs\u662f\u300c\u4ece\u4e00\u4e2a\u7279\u5b9a\u7684\u9879\u76ee\u3001\u53d1\u8d77\u4eba\u6216\u521d\u521b\u4f01\u4e1a\u7684\u6210\u529f\u6216\u5931\u8d25\u4e2d\u83b7\u5f97\u5176\u4ef7\u503c<\/em> (<\/em>derive their value from the success or failure of a given project, promoter, or start-up<\/em>)<\/em>\u300d\u7684\u6570\u5b57\u8d44\u4ea7\uff0cNFTs\u5e94\u5f53\u5728\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\u8fdb\u884c\u767b\u8bb0\u3002\u76ee\u524d\u6cd5\u9662\u5c1a\u672a\u5bf9Dapper\u4e00\u6848\u4f5c\u51fa\u5224\u51b3\uff0c\u4f46\u8fd9\u4e00\u5177\u6709\u91cc\u7a0b\u7891\u610f\u4e49\u7684\u6848\u4ef6\u9884\u8ba1\u5c06\u4e3aNFT\u4ea4\u6613\u7684\u5f53\u4e8b\u4eba\u63d0\u4f9b\u6709\u7528\u7684\u6307\u5f15\uff0c\u751a\u81f3\u4e3a\u9999\u6e2f\u8bc1\u5238\u6761\u4f8b\u7684\u76d1\u7ba1\u8303\u56f4\u63d0\u4f9b\u53c2\u8003\u3002<\/p>\n

$\"\"$ <\/p>\n

\u7ed3\u8bba<\/font><\/strong><\/p>\n

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\u5728\u8fd9\u4e2a\u5173\u952e\u65f6\u523b\uff0c\u5404\u4e2a\u53f8\u6cd5\u7ba1\u8f96\u533a\u7684\u76d1\u7ba1\u673a\u6784\u6709\u53ef\u80fd\u4f1a\u5bf9\u52a0\u5bc6\u8d27\u5e01\u8d44\u4ea7\u63d0\u4f9b\u8fdb\u4e00\u6b65\u7684\u76d1\u7ba1\uff0c\u5e76\u5c31\u52a0\u5bc6\u8d27\u5e01\u7684\u6cd5\u5f8b\u5730\u4f4d\u63d0\u4f9b\u6307\u5f15\u3002\u540c\u65f6\uff0c\u6295\u8d44\u8005\u548c\u516c\u4f17\u5728\u8bc4\u4f30\u548c\u6295\u8d44NFTs\u65f6\u5e94\u66f4\u52a0\u8c28\u614e\u5e76\u505a\u597d\u5c3d\u804c\u8c03\u67e5\u3002<\/p>\n

\u672c\u6587\u7531\u672c\u6240\u5408\u4f19\u4eba\uff0c\u8bc9\u8bbc\u53ca\u4e89\u8bae\u89e3\u51b3\u90e8\u4e3b\u7ba1\u5f90\u51ef\u6021\u5f8b\u5e08<\/strong>\u548c\u9ec4\u664a\u6644\u5f8b\u5e08<\/strong>\u64b0\u5199\u3002\u82e5\u9601\u4e0b\u60f3\u4e86\u89e3\u66f4\u591a\u8be6\u60c5\uff0c\u8bf7\u8054\u7edc\u672c\u6240\u5f90\u51ef\u6021\u5f8b\u5e08 (heidi.chui@sw-hk.com<\/a>)\u3002<\/p>\n

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