An accompanying press release took great pains to distance ApeDAO’s token launch from the Bored Ape Yacht Club, presumably for legal reasons. Club-style NFTs with perks for long-term members can start to resemble investment contracts, which, in the U.S., are overseen by the Securities and Exchange Commission (SEC); NFTs, at least so far, are not.
Related posts
-
The Price of Kaspa’s KAS Token Bucks Broader Crypto Market Decline, Surges 26% in a Week
That decline, however, obscures the 26% surge in the Kaspa blockchain’s KAS token. The token, ranked... -
Decentralized Exchange Bluefin to Rollout Token ‘BLUE’ After Securing $17M in Total Funding
The BLUE token will have a maximum supply of 1 billion and an initial circulating supply... -
DeltaPrime Unveils $PRIME Token: Pioneering a New Standard in DeFi Governance and Utility
PRESS RELEASE. June 27, 2024 — DeltaPrime, a decentralized...