Ape coin
Ape coin. In this sense, an NFT can function as a license to print money. It hinges on the idea that ApeCoin DAO is entirely independent from Yuga Labs. If Yuga Labs issued a token explicitly as a reward for Bored Ape holders, you could more easily make the argument that a Bored Ape is a kind of investment, and therefore subject to securities regulations.
In the way that certain stocks pay dividends, part of the value of investment-style NFTs would be tied to the perks they could get you down the line. According to Rohan Grey, a law professor at Willamette University and crypto regulation observer, the distinction between ApeCoin DAO and Yuga Labs probably also has to do with something called the Hinman Test. ApeCoin DAO is at least nominally decentralized; Yuga Labs is not.
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Do check back in 60 days. I'm holding my long term positions, I reduced my exposure lately, and will be looking to buy more BTC after this potential move down ends. Looks like we're about to witness a new wave of fundamental chaos, with talks about Bcoin, a new alternative to Core, which apparently some miners are looking to peddle, and which already received some positive talk from the...
Gallery of Ape coin
