Bored Ape #8585 just sold on OpenSea for $2.7 million. This is the third non-fungible token (NFT) from the Bored Ape Yacht Club (BAYC) to sell for more than $1 million in the last 30 days.

That's not inherently a bad thing, even if a large swath of NFT art is butt-ugly. However, the study noted "widespread concern that NFT buyers and sellers do not know what IP rights are implicated ...