As nonfungible tokens (NFTs) have evolved from esoteric online images once relegated to the art space into major marketing tools for companies like Twitter and Warner Bros, they have grabbed mainstream attention of large corporations.
However, fintech attorneys caution that the digital asset landscape is rapidly evolving, and the U.S. Securities and Exchange Commission (SEC) is watching the space as closely as attorneys are. As buyers get more creative with NFTs—specifically, fractionalizing them as shared ownership among a group—they might start to look more like “securities“ than ever before.
