yeah not really in the USA. that violates SEC rulings.
And even if you are not in the USA if any US citizen is able to get a token you will be on the SEC radar.
You have to use a layer 1 token but it can not be used as an in-game currency.
The in-game currency and issuing tokens for fund raising are the issue.
And when you get into game design they are not needed.
If you want to underwrite development and infrastructure you need to file as a security with the SEC and you can not promise any APR or returns or you violate other law.
There are quite a few projects walking a fine line right now.
Hope the spotlight does not find them.
So it is best to retire the old view of what gaming of the future will be and welcome the new way.
Thanks for the explanation. Game design and tokenomics/law as applied to it is really outside my wheelhouse.
It certainly is a new frontier we are walking here.
True. It is a new frontier.
and bringing the old world with the new world is always a challenge until the new world replaces the old world.
We are in that transition stage right now.