NFTsAsUnregisteredSecurities

Context: NonFungibleTokens, AgainstNFTs

It works like this: A crypto project comes out with a really dumb idea. The dumb idea is powered by a token! The token is an unregistered securities offering. Andreessen Horowitz gives the project money and gets a pile of the project’s shitcoins in return. After a lockup period, it blatantly dumps the coins on the public via Coinbase, where MarcAndreessen sits on the board, along with a16z general partner Katie Haun. If the token isn’t busted by the SEC, a16z makes a bundle; if the token is busted by the SEC, a16z get all their money back as the injured investor.

https://amycastor.com/2022/05/19/a16zs-state-of-crypto-report-a-rehash-of-bad-crypto-market-pitches/