ilmscore | SEC is Coming For NFTs!! Which Projects Are Next?!

SEC is Coming For NFTs!! Which Projects Are Next?!

Published: 2023-09-05
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
The FATF's change in tone regarding NFTs could lead to similar shifts in regulatory approaches by other global bodies.
"this all four Shadows a change in tones About nfts from the fat F which could mean a change in turn about nfts from other Regulators around the world"
NFTs and Regulation
Pending
Due to their lower liquidity compared to fungible cryptos, NFTs are predicted to experience more significant and rapid price declines in response to increased crypto regulations.
"this means that nft prices could soon start receiving just as much scrutiny as crypto projects The difference is that nfts are not nearly as liquid as cryptos in plain English this means that nft prices could fall further and faster in response to crypto regulations compared to fungible coins and tokens"
NFT Market Impact
Pending
Decentralized digital IDs are expected to be a form of non-transferable NFTs, and governments will likely resist losing control over citizen identity, similar to their control over national currencies.
"a robust decentralized digital ID would likely be a non-transferable nft of some kind it's safe to assume that governments don't want to lose control of the identity of their citizens any more than they want to lose control of their National currencies"
Digital Identity and NFTs
Pending
Evidence of governments' desire to control digital identities through NFTs is expected to appear in upcoming NFT regulations being developed in various countries.
"then chances are we'll see evidence of it in upcoming nft regulations which are reportedly already in the works in some countries"
Future NFT Regulations
Pending