GUN – MiCAR-Compliant Gaming Digital Asset
Earlier today, Gunzilla Games announced via the Gun by Gunz X account that they’ve officially been classified in Italy and across Europe as a utility token and NOT a security.
This is a huge W for Gunzilla Games as not only does it position them firmly as the first company to reach such an achievement; one that has been a barrier for many game developers, but it creates the blueprint for how the entire web3 gaming space can navigate the torturous planes that has for so long plagued gaming economies.
NXG Guild are node holders and as with many others, we can only speculate what this will mean, but seems like this is going to be a good thing, especially in the long-run.
Gunzilla Games’ Off The Grid is still in test net for console users. Could this mean that Playstation and Xbox players will finally be enabled to start trading assets in a marketplace as PC players are currently enjoying? Have a read of the article to see what they say 👀
Some of the key takeaways from the article:
- GUN can trade on authorized exchanges across Europe, broadening reach to gamers and participants
- Future GUNZ projects can reuse the established regulatory setup
- Clear rules make it easier for funds and partners to participate
- Compliance reduces legal ambiguity
- GUN fuels in-game items, upgrades, and progression (not a security)
Click the link in the tweet below to read the full article.
Overall, good news for Europe. Now it’s the battle of the US!