Token Linked to Bored Ape Yacht Club Launches
Crypto News

Token Linked to Bored Ape Yacht Club Launches

An accompanying press release took great pains to distance ApeDAO’s token launch from the Bored Ape Yacht Club, presumably for legal reasons. Club-style NFTs with perks for long-term members can start to resemble investment contracts, which, in the US, are overseen by the Securities and Exchange Commission (SEC); NFTs, at least so far, are not.

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