Dilendorf Law Firm: Will NFTs be Deemed Securities Subject to the U.S. SEC Laws and Regulations?

Ever since Christie's completed its history-making auction of Beeple's digital artwork, "Everydays: The First 5000 Days", resulting in a $69.3 million sale, the prospect of getting rich from non-fungible tokens ("NFTs") has become a hot topic among creators and investors. Questions are swirling about whether NFTs will eventually be deemed securities by the Securities and Exchange Commission ("SEC") and become subject to state and federal securities regulations.