Stocks Are Not Securities, Right?

Most nfts are not securities, ond of like the requirements to be a security is generally funge ability. However, when you try to create an nft that's basically acting like a synthetic share in a privately held company, i think it is much more likely that the s c c is going to take an interest in what you're doing. I actually agree with you whole heartedly that there are some major differences between stocks as we know them and nfts today.