Artist and lawyer Brian Frye writes about why non-fungible tokens represent investment contracts in social clout. Everyone in the non-fungible token (NFT) market is terrified that the U.S. Securities and Exchange Commission (SEC) will decide that NFTs are securities and regulate them. They should get over it. Of course NFTs are securities. That’s what makes them so powerful and promising. Rather than avoid SEC regulation, the NFT industry should embrace this categorization. It’s inevitable an...