The SEC Ends Probe Into Ethereum NFT Project CyberKongz
The United States Securities and Exchange Commission continues reducing hostility towards crypto and non-fungible token projects. In yet another bullish move, the regulatory commission has ended an investigation into CyberKongz, a renowned non-fungible token project created on Ethereum. Previously, the United States SEC was known for its harshness to the crypto and NFT projects. The SEC Drops Probe Into CyberKongz In an April 15 blog post, the CyberKongz team confirmed that the United States Securities and Exchange Commission has dropped its investigation into their non-fungible token and gaming projects. Launched in March 2021, CyberKongz is a non-fungible token project featuring a limited edition of 1,000 randomly generated 2D and 3D avatars of gorillas hosted on the Ethereum blockchain network. The NFT collection was created by the digital artist Myoo. The SEC has officially closed its investigation into CyberKongz. After years of litigation, unjust allegations, crippling legal...