Oscar Franklin Tan, Chief Legal Officer of Web3 organization Atlas Development, delves into the legal positioning of NFTs within a legal framework and suggests that under certain conditions, there is a legal basis to consider NFTs as securities. Tan points out that although NFT applications are diverse, in certain scenarios they can function similarly to investment products, which could classify them as securities. This perspective provides a new angle for understanding the role of NFTs in the financial sector, emphasizing the complexity and diversity that need to be considered when categorizing NFTs legally.