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FTX pulls NFT listings featuring royalty payouts.

FTX pulls NFT listings featuring royalty payouts.

The cryptocurrency exchange FTX will not list on its marketplace non-fungible tokens (NFTs) that provide for payments to holders. This is stated in the in the FAQ section.

The move was prompted by concerns that such NFTs in the United States could be classified as securities.

A similar stance is taken by the OpenSea marketplace. In the terms, there are NFT types that are not suitable for listing — including those that can be exchanged for financial instruments, or that grant “holders the right to a reward”.

Earlier OpenSea halted trading of pixel turtles from the DAO Turtles, citing a breach of the rules.

Earlier in September the founder and chief executive Sam Bankman-Fried announced the introduction of a new feature for issuing non-fungible tokens on the main and US platforms.

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