近几年来元宇宙概念风靡全球，而作用于元宇宙运行媒介之一的 NFT 因其与传统的比 特币有着完全不同的形式，由此引出了一系列法律难题。非同质化代币与同质化代币比较 不同的是，其具有身份识别的唯一性和去中心化。NFT 较之于传统货币在发行、支付以及 身份识别等领域有着极大的便利性、有效性和资源节约性。与传统的中央银行发行货币的 传统金融不同，NFT 的“去中心化”性质改变了以往支付体系必须拥有核算中心的方式， 采取“B TO B”（个人对个人）的交易形式实现了交易过程不需要强力的中央银行来确保， 运用个人对个人的运行方式，彻底颠覆了传统的中心支付体系。然而元宇宙中加密货币 NFT 在发展过程中也暴露出诸多风险，例如监管缺失或不到位等。有关部门应当在实践中根据 具体情况具体分析元宇宙中加密货币 NFT 发展的主要矛盾，分析明确相关概念，构建一套 能规范引导元宇宙中加密货币 NFT 发展的有效机制。 本文从阐述元宇宙的相关概念入手，分为以下几个部门予以写作: 第一部分—分析国内外关于元宇宙中的加密货币 NFT 应用问题，分析提出课题研究的 意义对国内建设的促进作用，结合国内外元宇宙中加密货币 NFT 的相关理论和有关部门对 其实际应用的态度，类比前人的文献分析法、比较分析法、案例分析法等几个小技巧，探 讨加密货币 NFT 所面临的法律问题，并提出相应的建议。 第二部分—简单介绍元宇宙中加密货币 NFT 的相关概念，讨论其法律性质与法律属性， 与 FT 之间的异同，其在法律层面的独特之处等，并对现阶段 NFT 所面临的种种法律风险， 如交易不规范、平台经营者责任不明确等方面进行一定的论述。探讨 NFT 在基于区块链技 术的背景下所面临的种种挑战。 第三部分—介绍国内外关于元宇宙、NFT 及区块链金融的一些相关规定，以及各国家 地区相关金融监管机构的对 NFT 性质的态度，并阐释区块链监管中目前存在的体系不完善、 立法及监管方面与发展现状不相适应等问题。 第四部分则针对所以提出的法律问题或不足来提出相应的建议及对策前瞻。主要从确 立监管立法理念及完善监管治理体系的角度入手，提出一定的对策。

In recent years, the concept of metaverse has become popular all over the world. The related concept of digital cryptocurrency NFT has profoundly changed the traditional monetary and financial order with its subversive trading mode. The prominent feature of NFT is uniqueness and decentralization. Its production process， total issuance amount and payment verification method are set in advance through technical rules. Unlike the old finance in which the traditional central bank issues money, decentralization realizes the replacement of “algorithmic credit” to “main credit”. The transaction process does not need a strong central bank to ensure the realization， but relies on the point-to-point consensus mechanism， which changes the traditional credit creation mode; A new credit system based on “algorithmic credit” is constructed. NFT's business law attribute is diverse， and the single and linear attribute identification is not enough to fully understand the legal attribute of cryptocurrency. A more sensible approach is to make a more open and diversified interpretation of the legal attribute of cryptocurrency according to the specific circumstances of the case and the specific subjective and objective analysis. The development of cryptocurrency NFT in metaverse also exposes many risks， such as lack or inadequate supervision. In practice, relevant departments should analyze the main contradictions in the development of cryptocurrency NFT in the metaverse according to specific conditions, analyze and clarify relevant concepts, and build an effective mechanism that can standardize and guide the development of cryptocurrency NFT in the metaverse. In sum, there are six parts in this research: Firstly, the paper will demonstrate the application of NFT and decentralized finance in the metaverse, analyzes the significance of the research and its role in promoting domestic construction, combined with the relevant theories of cryptocurrency NFT in the metaverse at home and abroad and the attitude of relevant departments towards its practical application, discusses the legal problems faced by cryptocurrency NFT by using the methods of literature analysis, comparative analysis and case analysis, and puts forward corresponding suggestions. The first part—analyzes domestic and international issues on the application of encrypted 3 currency NFTs in the metaverse, analyzes the significance of the proposed research on the promotion of domestic construction, and combines the relevant theories of encrypted currency NFTs in the metaverse at home and abroad and relevant departments for its practical application. Attitude, analogy to the previous literature analysis method, comparative analysis method, case analysis method, etc., to discuss the legal issues faced by encrypted currency NFT, and put forward corresponding suggestions. The second part demonstrate the related concepts of cryptocurrency NFT in the metaverse, discuss its legal nature and legal attributes, its similarities and differences with FT, its uniqueness at the legal level, etc. Legal risks, such as irregular transactions and unclear responsibilities of platform operators, will be discussed to some extent. Discuss the challenges that NFTs face in the context of blockchain-based technology. The third part some relevant regulations on Metaverse, NFT and blockchain finance both domestically and foreign, as well as the attitudes of relevant financial regulatory agencies in various countries and regions towards the nature of NFT, and explain the current imperfect system in blockchain supervision , Legislative and regulatory aspects are not compatible with the development status and other issues. The fourth part puts forward corresponding suggestions and countermeasures for the legal problems or deficiencies raised.