Utilization of Non-Fungible Token and Regulatory Challenges In Indonesia: Aspects of Copyright Law

A non-fungible token or NFT is a digital asset that is based on the use of blockchain technology to store digital artwork as aninvestment tool; it has increased the growth of digital trading, especially in marketplaces with huge volumes. However, the regulations in Indonesia have not been able to respond to the aboveconcept, for example, in the aspects of copyright. The article conducts an in-depth analysis of the above concept by determining the extent to which the utilization of NFT in the marketplacein Indonesia can provide economic benefits. It explores whether current regulations on copyright in Indonesia can provide legalprotection and optimize NFT technology. The research usesthe normative legal approach by conducting online library data research.The end of this research is to make inputs into government policies: first, it is expected to draw the attention of government that utilization of NFT in the marketplace are needed today because it can provide economic benefits through its copyright. It would encourage policy and regulatory optimization by the government on NFT technology to be able to provide optimal regulatory or policy directions so that the use of NFTs is in line with copyright protection.