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NFT vs. Token: The Legal Distinction Every Founder Should Understand Before Launch

NFT vs. Token: The Legal Distinction Every Founder Should Understand Before Launch

Founders treat "launching a token" and "dropping an NFT" as the same decision. Legally, they aren't. Fungible tokens and NFTs diverge on securities law, IP ownership, and tax — how Howey, copyright's signed-writing rule, and the IRS collectibles look-through apply to each.

SAFTs vs. SAFEs for Web3 Startups: How Pre-Token Funding Actually Works

SAFTs vs. SAFEs for Web3 Startups: How Pre-Token Funding Actually Works

Founders get told to "use a SAFT" as if it were the crypto version of a SAFE. It isn't. A SAFE converts into equity; a SAFT converts into tokens whose securities status the SEC litigated against in Telegram and Kik. Here's how pre-token funding actually works in 2026.