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RE: Is your NFT illegal?

in LeoFinance4 months ago

Where do you think NFTs for games that can potentially generate some income belong? Games like dCity producing SIM which one can exchange for SWAP.HIVE, and NFT's like Splinterland cards being played to generate DEC or traded for better rates?

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There is no promise of a return, just some amount of tokens that may or may not be worth anything. There are other concerns that can be an issue though.

Something like FarmFarmer/Mythical though can be considered an unregistered ICO as it was stated it is used to raise money for Hive Engine and NFT's were chosen as they are "except" from certain regulations.

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There are other concerns that can be an issue though.

On the case of SIM, you mean holding the minimum sim power amount to generate daily rewards from the pool as an example? The farmfarmer thing was a joke right from the stating the purpose up to how it was launched in just a few days.

On the case of SIM, you mean holding the minimum sim power amount to generate daily rewards from the pool as an example?

No

The farmfarmer thing was a joke right from the stating the purpose up to how it was launched in just a few days.

I'm pretty sure it wasn't.