Q: How does creating and selling SoccerPlayer.Cards now affect my NCAA or PRO standing in the future?
A: First off, NCAA allows players now to earn money from their NIL (Name, Image and Likeness) making it legal for an NCAA player to do this. More importantly, you are most likely creating and selling your cards at junior or amateur level, prior to becoming NCAA or PRO, so there are no rules or regulations other than approval from your team or club to use the logos. In addition, any money you earn from this, even while at the NCAA or PRO levels is "grandfathered" in and not subject to their control or fee structure.
Q: Is this legal, in the eyes of the US-SEC, to buy in the United States?
A: We have been advised by our SEC specialist attorney in Chicago that since we are selling an NFT that represents a trading card, it is not a Security nor other type of investment in which there is no "ruler" to measure the profitability, thus it does not contravene their rules.
NiFTii Statistics |
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Number of Members: 126 |
Card Collectors: 44 |
Card Creators: 39 |
Series Created: 138 |
Cards Minted: 14,170 |
Cards Sold: 164 |
Value of Cards Sold: $1,681.99 |
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