Not All NFTs Are Securities

Innovation is evolving and the utilization of NFTs are boundless and hence should be examined use case by use case. For example, NFTs provide authentication so we can utilize NFTs to authenticate any certificate – a college degree, a marriage license, a deed or a title. These digital certificates or documents, although they use blockchain technology and tokenization, are not “assets” in the sense that they have a market value. Tokenization does not change the purpose and function of these documents – they are still certificates, with the advantage of blockchain technology to facilitate sharing, transfer and the ability to track these documents.