April 2, 2024

The next major trend in NFTs is to rent them out, and crypto landlords are making a killing. —Fortune

In the world of crypto-renting, tensions can sometimes arise between landlord and tenant. Here are some common disputes and ways to resolve them.

Your crypto landlord refuses to make repairs on your N.F.T.

This is one of the problems most frequently faced by crypto tenants, especially if the N.F.T. in question is just clip art of a rock or an emoji portrait of Billie Eilish. But don’t withhold the rent just yet — an annoyed crypto landlord could take retaliatory action and make your life miserable. Consider seeking mediation instead. Grimes is probably available.

Your crypto landlord doesn’t know the laws that govern crypto landlord-tenant relationships.

This is a tough one, since crypto practices vary territory to territory and were initially regulated by arms dealers laundering money. Are N.F.T.s intellectual property? Derivative works? Can we apply Schrödinger’s law to the Nyan Cat GIF? No one knows—and yet, at the same time, everyone has a hot take.

Your crypto landlord stops by unannounced.

Is your N.F.T. on the Ethereum blockchain? In that case, you can report this disturbing behavior to the High Council of the Pudgy Penguin Federation. They’ll sort him out.

Your crypto landlord has just learned that his N.F.T. portfolio will, in fact, never generate a steady income, and also that his net worth has just plummeted by three billion dollars, so he wants to…

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