southlondonphil
Master Poster
Posts: 995
Joined: Jul 2008
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RE: Babestation Launches NFT
(19-11-2022 12:35 )ryuken Wrote: I'd love to know who will buy these NFTs
1. People who happen to have an interest in Babestation and/or one or more of the girls in question (i.e. fans) and who also have an interest in digital collectibles. This is the first reason given by Babestation themselves in their sales pitch.
2. People who have an interest in Babestation and/or the girls in question but don't have an interest in digital collectibles, but nevertheless see them as a part of fandom or giving them a connection to something or someone they follow.
3. People who think it's a good investment or might turn out to be a good investment (taking into account the included credits it's only £9.99 for anyone who fancies a punt). This is the second reason given by Babestation themselves.
4. People who are interested in the perks that NFTs usually offer, in this case 'exclusive, never before seen content' and for the scrapbook 'personal, private steamy messages from models'. This is Babestation's third reason in their pitch.
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20-11-2022 17:08 |
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tony confederate
Senior Poster
Posts: 440
Joined: Oct 2008
Reputation: 15
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RE: Babestation Launches NFT
(20-11-2022 01:37 )marlowe Wrote: The statement that "you can buy a Babestation digital collectible NFT and then watch its value increase over the coming months and years" is a breach of the advertising rules because digital assets are an investment product and the marketing of investment products is required to make it clear that the value of investments is variable and can go down as well as up.
Agreed, it's a clear breach of the advertising rules. Marketing of investment products must make it clear that the product value can go down as well as up. However, I can see 3 other rule breaches too which I list below.
Marketing for an unregulated financial product like an NFT is supposed to make it clear that it's an unregulated product.
All material information that the consumer needs to make informed decisions in relation to a product must be made available.
It should be mentioned that Capital Gains Tax could possibly be payable if profit were to be made from investing in an NFT.
The failure to make it clear that the product value is variable is a breach of CAP Code rule 14.4. The second item is a breach of rule 3.9 and probably rule 3.1 as well. The third item is a breach of rule 3.3 and the last a breach of rule 14.1 and probably rule 1.3.
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21-11-2022 00:42 |
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