According to Odaily, Oscar Franklin Tan, Chief Legal Officer of Web3 organization Atlas Development, has provided insights into the legal classification of NFTs. Tan explained that certain specific categories of NFTs could potentially be classified as securities. He emphasized that in some aspects, NFTs might be viewed as securities, particularly when they resemble investment products. Tan pointed out that among the various use cases of NFTs, some could be similar to investment products, which would justify their classification as securities.