Athlete NFT's & Securities
NFT’s are all the rage. Non Fungible Tokens as they are officially called is a new way to offer ownership to almost anything. This ownership can also be sold as fractional bits. The bits are documented on the blockchain and can be bought and sold via alternative trading platforms (ATP’s)
In the United States assets are typically regulated. The collectible NFT’s that are available through ATP’s fall into regulated securities and need to be registered with the Securities Exchange Commission (SEC). If NFT’s are not registered they may be at risk of compliance violations, investor may lose their investment.
360 Sports offers athletes the opportunity to create and list their NFT as a security, on an SEC approved and regulated ATP. Additionally athlete’s enrolled in our athlete business accelerator can benefit from additional tax efficiencies.