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Football London

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Alan Smith

What are NFTs, what does it mean for football and why is Chelsea legend John Terry in the news?

Chelsea John Terry NFT

The Premier League, Football Association and UEFA are all seeking legal advice over whether pictures of cartoon monkeys promoted online by, among others, former Chelsea captain John Terry infringe copyright law.

The non-fungible tokens (NFTs), which are unique digital assets purchased using cryptocurrency and in many cases worth five figures, feature cartoonised trophies including the Premier League, Champions League, Europa League and FA Cup.

As first reported by the Daily Telegraph, the Premier League trophy is trademarked and any commercial use must be agreed with the governing body.

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