Bored Apes look a lot like baseball cards. But regulators — particularly at the Securities and Exchange Commission — are making a strained case to the contrary.
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Bored Apes look a lot like baseball cards. But regulators — particularly at the Securities and Exchange Commission — are making a strained case to the contrary.
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Donald Trump’s NFT collection started out strong but then started looking lifeless up until a few days ago.
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NFTs in the metaverse should generally be considered securities, but developers have been slow to recognize that fact. Expect a regulatory reckoning to come swiftly for Axie Infinity, Bored Apes, and other projects that have thrown caution to the wind.
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The customizable card will only support NFT avatars from select blue chip collections, subject to Mastercard’s design standards and an owner verification process.
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From carrying medical data to streamlining royalty payments, NFTs serve a variety of important technological purposes. Bored Apes are a demeaning distraction.
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