SEC Investigation Ends for CyberKongz, Offering Hope for Web3 Gaming

CyberKongz, a popular Ethereum-based NFT project, has successfully concluded an SEC investigation, marking a significant win for the Web3 gaming sector. The investigation, which focused on the project’s BANANA token and a contract migration in 2021, has ended without enforcement action. This development provides much-needed regulatory clarity for Web3 projects as they strive to grow and innovate.