>"NFTs offer some truly exciting functionality, including financial features, behind the goofy art. But that could attract regulator interest."

"The most straightforward way that NFTs can become subject to SEC oversight is through fractionalization."

>"NFTs offer some truly exciting functionality, including financial features, behind the goofy art. But that could attract regulator interest."

Thanks for posting NFTs highlight even further how decades old legislation is incompatible with innovation and technology. How can a piece of art be a security just because it's been fractionalized? Sure it can be assumed that some owners will be speculators but others will just be offering patronage and signaling their enjoyment of the art and community. However, we will soon see NFTs integrate more with DEFI which will likely trigger the SECs antennae and draw more comparisons to securities.