SEC charges Impact Theory for unregistered offering of NFTs
The concept of NFTs stored on a distributed ledger makes sense to me especially for the shitty games that sell skins.The idea they have some sort of value and can be considered a security, doesn't really. It is no different than the current in-game marketplaces that sell/resell skins from whatever game has skins this week.At what point does a thing you buy or sell become a security? Are baseball cards a security? Should my local baseball card shop be closed down as an unregistered securities broker?I don't own crypto or NFTs, so maybe I'm just not informed enough?