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Brian Frye writes about why NFTs represent investment contracts in social clout
SNEAK PEEK Artist and lawyer Brian Frye shared his thoughts over NFTs as securities and pondered on some crucial aspects. NFTs being a type of security is what makes them powerful and promising. As per Frye, the NFT market eliminates the object and allows creators to trade ledger entries directly instead of the proxy. Brian Frye, an artist and a law professor at the University of Kentucky, recently shared his thoughts on NFTs. As per him, NFTs are securities, and it is something that should be laid emphasis on. He wrote about why NFTs represent investment contracts with social clout.