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Fund collection via NFT could be exempt from dry laws

Forums BTC, ETH & Macro Markets Bitcoin Fund collection via NFT could be exempt from dry laws

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    Hester Pierce, the Securities Commissioner and Exchange of the United States renowned as “cryptographic mom”, continues to push questions of crypto and non-making tokens within the cryptographic regulatory commission. In her last push, the SEC Commissioner recommended that cryptographic projects are authorized to finance their work using NFTS as a fundraising mechanism. This decision will increase the adoption of NFT among companies and traditional institutions if it succeeds.

    Hester Pierce pushes more crypto and nft agendas

    On March 21, the United States Securities and Exchange Commission (SEC) held its very first round table. This meeting, led by the acting president of the Sec, Mark Uyeda, who assumed his functions following the resignation of Gary Gensler, and Hester Peirce, the manager of the working group of the dry crypto, aimed to make several amendments and considerations in cryptographic regulations and NFT in the country.

    In a recent exclusive interview with the media, the SEC Commissioner, Hester Peirce, said that cryptographic startups that aspire to use non -butt (NFTS) as a fundraising mechanism to finance their work should be exempt from securities regulations. This declaration appears a few hours after the Commission exempted the coins and the Crypto extraction projects using a mechanism for evidence for working proof to retreat from its definition of securities. Peirce explained:

    “We could also do it on NFTS. If we could provide a kind of frame or a kind of markers for (NFT transmitters) to whom to look for, I think it could be very useful. ”

    The NFT market collected up to $ 25 billion at the height of Mania in 2021, with enterprising cryptographic entrepreneurs using NFT to increase billions for various companies. Consequently, if the regulatory committee exempts the NFTs used for rewards, fundraising and memberships, as Hester Peirce indicates, there would be a huge green light for traditional companies that seek to dive more deeply into blockchain. This could even feed another Bull Run NFT.

    Fund collection via NFTS

    Stoner Cats, an animated non -bubilière token project created by renowned actress Mila Kunis, is a perfect example of a crypto startup that has succeeded via NFT. In 2021, the company raised more than $ 8 million compared to NFT sales to finance the show. NFTs have offered holders of certain advantages, including access to see the series, but have also been negotiable on the secondary markets.

    Launched in July 2021, The Stoner Cats was a collection of non -bubble chips with a limited set of 10,040 membership NFT hosted on the Blockchain Ethereum network. Each transaction of the secondary NFT market provided the Stoner CATS team with a 2.5%royalty, which means that a percentage of each sale went to the team behind the project as a income. At the time of writing the editorial time, some NFT have the best offer of 0.25 ETH.

    In a similar sale, Flyfish Club, the only private catering club in the world’s first member, has raised more than $ 14 million via NFT sales to finance the construction of the restaurant. The NFTS, which has offered memberships to restaurant holders, could be sold at secondary markets with a similar royalty structure. Despite the tender adoption of NFT technology, the startup Crypto Startup Stone Cats and Flyfish Club were previously faced with the anger of the SEC, which accused them of exchange of unregulated securities.

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    post url: https://altcoin.observer/fund-collection-via-nft-could-be-exempt-from-dry-laws/

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