Rumors are persistent that the next Grand Theft Auto will have a GameFi element. Lawyers aren't so sure, but there's a catch.
Gamers are eagerly awaiting the next chapter of the massively successful Grand Theft Auto , and its developer, Rockstar Games,from its game store, its rival Epic Games doubled down on the effort. Epic Games has welcomed crypto with open arms. However, the games storethat they are building “a new gaming experience that will further unlock the potential of Web3.
“Their hesitation, I believe, likely stems from a fear of possible issuer liability, especially given the aggressive stance the SEC has taken in recent times—underscored by the ongoing situation with Coinbase,” he continued. “I understand their desire to be conservative, and the risk/reward for their shareholders may just not be there.”
Montague argues that there’s no actual investment happening, which fails to meet the first requirement of the Howey test.
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