• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Crypto Startups Could Soon Raise Funds via NFTs

user avatar

by Giorgi Kostiuk

a year ago

Hester Peirce, the new head of the SEC's crypto group, announced that projects using NFTs for financing could soon be exempt from securities regulation.

Announcement by Hester Peirce

Hester Peirce, recently appointed as the head of the Securities and Exchange Commission (SEC)'s crypto working group, made a significant announcement last Friday. During the first crypto roundtable organized by the SEC, she conveyed to Decrypt that projects using NFTs as a fundraising mechanism could soon be exempt from securities regulation.

We could also do this for NFTs. If we could provide a framework or benchmarks for NFT issuers, I think that could be very helpful.None

Potential Exemptions

Despite this open stance, Peirce emphasized that not all NFTs would automatically be exempt from securities regulation. She highlighted that some NFTs could be structured as tokenized securities and thus would not qualify for the exemption.

Market Impact

NFTs peaked in late 2021, generating nearly a 25 billion dollar market. Many entrepreneurs used them as an innovative mechanism to finance their projects, offering an alternative path to traditional fundraising methods. If the SEC issues a statement on NFTs soon, it could usher in a new era for financing blockchain projects through non-fungible tokens.

Hester Peirce's announcement could herald a new phase in the use of NFTs for project financing, significantly impacting the crypto market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Long-Term Bitcoin Holding Reduces Loss Probability

chest

Long-term Bitcoin holding reduces the probability of loss, encouraging investors to adopt long-term strategies.

user avatarElias Mukuru

Nic Carter Proposes Three Paths for Bitcoin in the Face of Quantum Threats

chest

Nic Carter outlines three potential strategies for Bitcoin as it faces the risks posed by quantum computing.

user avatarDiego Alvarez

Crypto Patel Predicts Ethereum Price Surge to $4,000 by 2027

chest

Crypto Patel predicts Ethereum could reach $4,000 by October 2027, with significant price increases expected in the coming years.

user avatarKenji Takahashi

Payward to Acquire Bitnomial for Up to $550 Million

chest

Payward has entered into an agreement to acquire Bitnomial for up to $550 million, enhancing its regulatory infrastructure for digital asset derivatives.

user avatarMaria Fernandez

Strait of Hormuz Reopened for Passage Amid US-Iran Ceasefire

chest

US President Donald Trump announced the reopening of the Strait of Hormuz for commercial vessels following Iran's confirmation of unblocking the waterway during the US-Iran ceasefire.

user avatarGustavo Mendoza

Concerns Arise Over Google's AI Spending Ahead of Earnings Call

chest

Concerns arise over Google's high capital expenditures on AI infrastructure ahead of the earnings call, with potential negative impacts on cash flow and stock performance.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.