• 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

Solana's Price Drops Below 80 Amidst Ongoing Ecosystem Development

chest

Solana's price has fallen below the 80 mark, raising caution among traders, but the ecosystem continues to grow with real-world assets and DeFi activities.

user avatarDiego Alvarez

Revised Editorial Guidelines Target Improved Content Quality.

chest

A new editorial policy has been established to ensure accuracy, relevance, and impartiality in content.

user avatarKenji Takahashi

New Editorial Policy Launched to Ensure Content Quality

chest

A new editorial policy has been established to enhance the quality of content.

user avatarMaria Fernandez

Challenges for Shiba Inu to Reach 1 Price Level

chest

Experts discuss the improbability of Shiba Inu SHIB reaching the 1 price level due to its high supply and market cap implications.

user avatarRajesh Kumar

Shiba Inu SHIB Faces Challenges in Regaining Popularity

chest

Shiba Inu SHIB has faced a significant decline in value since its peak in 2021, primarily due to the high supply of SHIB coins, which stands at about 589 trillion. The challenges of reducing supply and boosting demand remain substantial.

user avatarGustavo Mendoza

Robinhood Expands into Stablecoin Yield with New Earn Structure

chest

Robinhood has launched a new Earn structure offering a 7% APY tied to USDG, entering the stablecoin yield market to attract users and enhance engagement.

user avatarMiguel Rodriguez

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.