Unresolved NFT-Securities Talks

This Week's Low-Down:

• ⚖️ The Digital Chamber Calls on Lawmakers to Not Classify NFTs as Securities

• 👀 Match Addresses NFT Challenges via Its SocialFi Platform

• 🚀 MetalCore Beta Release Goes Live on Epic Games Store Today

• Catizen Token Launch Set to Boost TON Gaming (Bitcolumnist)

• Moku Raise $5.35M To Transform Web3 Game Publishing (NFT Insider)

• AI Art Outpaces the Rest of the NFT Market (The Defiant)

• ApeCoin Reveals Blueprint Ahead of ApeChain Launch (NFT Plazas)

• PancakeSwap Launches Telegram Prediction Bot for Forecasting BNB Prices (Decrypt)

• X Empire Announces Airdrop: Step-by-Step Guide to Maximize Rewards (Bitcolumnist)

• Arbitrum Goes Big With Web3 Gaming Showcase at WebX Asia (Decrypt)

• Sequence Unreal SDK Gets Verified on Unreal Engine Marketplace (NFT Plazas)

• Here’s Who Is Eligible for the ‘Catizen’ Telegram Game Airdrop on TON (Decrypt)

• Tales of Elleria Adventure RPG Ends Active Development (NFT Insider)

• Magic Eden Introduces Exclusive US Domain, Segregating NFT Services in US (cryptonews)

• GAMEE’s WatBird Gears Up for September Token Launch on The Open Network (Decrypt)

Trending Collections on OpenSea:

• Courtyard.io [Floor Price - 17.99 ETH]

• Ninja Squad Official [Floor Price - 0.08 ETH]

• egg [Floor Price - 0.16 ETH]

The Digital Chamber Calls on Lawmakers to Not Classify NFTs as Securities

The Digital Chamber has urged lawmakers to classify certain NFTs as consumer products, not securities, to exempt them from federal securities regulations and SEC oversight.

• In response to the SEC's increased NFT scrutiny, the Digital Chamber argues that NFTs are primarily consumer goods meant for use and community engagement—not financial products or investment vehicles.

• The SEC's recent actions (including a Wells Notice to OpenSea) highlights regulatory uncertainty in the NFT space.

• Digital Chamber emphasizes the need for legislative action to protect NFT creators and the broader digital economy.

• Instances such as DraftKings and Dapper Labs facing legal challenges underscore the ongoing debate and legal ambiguity around classifying NFTs as securities in the U.S. legal system.

Match Addresses NFT Challenges via Its SocialFi Platform

SocialFi platform Match introduces an innovative 'open-cry' NFT auction model to counter speculative concerns within the NFT sector and foster sustainable growth.

• Match enhances NFT utility through a broad ecosystem that promotes rewarding social interactions and deep user engagement.

• The platform transforms NFTs into 'mining rigs' for $RFG tokens, blending immediate incentives with long-term investment opportunities through active participation.

• Integrating AI and blind bidding ensures equitable access to NFTs, adding a layer of unpredictability to the auction process.

• It also employs a randomized pricing algorithm and a blind boxing system for NFTs, making auctions more engaging and ensuring fair distribution.

MetalCore Beta Release Goes Live on Epic Games Store Today

The MetalCore beta release goes live on Epic Games Store today, following a six-month closed beta limited to just 350K community members.

• MetalCore is a free-to-play mech shooter developed by Studio369. It integrates blockchain tech to enable players to own in-game mechs and vehicles as NFTs on the Immutable blockchain.

• The open beta version introduces Unreal Engine 5, enhancing graphics and performance for a smoother gaming experience.

• Additionally, it includes 10v10 PvP Barony Wars, PvE raids for up to 10 players, and refined missions, with a focus on expanding game lore and player engagement through competitive and cooperative play.

• Players can also partake in the 80K $MCG prize pool.

Today's edition was written by Leah Alger

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