In this recent ruling, a court agreed that DraftKings’ NFTs involved an investment of money, pooled assets into a common enterprise with shared risks and profits, and created a reasonable expectation of profit from DraftKings’ efforts, thus plausibly classifying them as securities under the Howey test.
‘We Are Here to Build a Business Ecosystem’
I think users now like projects that have no investors in the tokenomics. They like less investors, more airdrops to...