The case appears to have sent a shockwave through the expanding ecosystem of film and television projects seeking to leverage NFTs to raise funds directly from loyal fan bases, instead of depending on the hyper-centralized studio system for financing and distribution. “It’s pretty awful and has me super worried,” the creator of an upcoming independent television series backed by NFTs told Decrypt on the condition of anonymity.
Source: Will SEC’s ‘Stoner Cats’ Action Have a Chilling Effect on NFT Media Projects? – Decrypt