> Except that the law and regulations are always behind once the early technology has been introduced, with early adopters getting themselves burned, sued or encountering significant losses - Hence the DAO hack of 2016. That is the reason why ICOs are now regulated.
How does this has anything to do with how technology was implemented?
I am not defending NFTs nor fighting regulation. I am saying that you cannot blame ether's smart contracts for creation of NFT.
Except that the law and regulations are always behind once the early technology has been introduced, with early adopters getting themselves burned, sued or encountering significant losses - Hence the DAO hack of 2016. That is the reason why ICOs are now regulated.
Did you really think that the SEC would do nothing and sit there and let the 2017 carnage continue? NFTs are no different and that technology (like tokens) will be subject to regulations. The same with email and electricity but by other regulatory standards.