• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

How the SEC Notice to CyberKongz Might Affect the Gaming Token Market

user avatar

by Giorgi Kostiuk

a year ago

The NFT platform CyberKongz has received a Wells notice from the SEC, which could lead to regulatory changes for gaming tokens and NFTs.

What Happened

The NFT platform CyberKongz received a Wells notice from the U.S. Securities and Exchange Commission (SEC), expressing concerns over the issuance of tokens without registration as securities. This notice may significantly impact the Web3 gaming industry.

Reaction to SEC Actions

CyberKongz claims the SEC's actions are an attempt to hinder industry development. The company expressed its intention to defend its project and the wider industry. Founders of Axie Infinity have supported CyberKongz, hoping for a change with the new administration.

Impact on the NFT Market

Despite the SEC's notice, the price of CyberKongz NFTs rose 11.7% in the last 24 hours, reaching an average price of 6.69 ETH, equivalent to $26,900. NFTs continue to be actively used in games on the Ronin blockchain.

The SEC's notice regarding CyberKongz could mark the beginning of changes for the entire Web3 gaming and NFT industry. The development of events and the industry's response will continue to be monitored.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum Gears Up for Major Upgrades in 2026

chest

The Ethereum network is preparing for significant upgrades in 2026, including the Hegota and Glamsterdam forks, aimed at improving functionality and efficiency.

user avatarKofi Adjeman

October Liquidation Event Highlights Market Vulnerabilities

chest

In October 2025, a major liquidation event saw over 19 billion in positions evaporate within just 24 hours, primarily affecting long positions.

user avatarSatoshi Nakamura

HTX YearEnd Carnival Launches 200,000 USDT Airdrop Giveaway

chest

HTX has launched its annual YearEnd Carnival with a 200,000 USDT airdrop giveaway in collaboration with the TRON ecosystem, running from December 22, 2025, to January 18, 2026.

user avatarNguyen Van Long

The Rise of Esports Betting with Crypto

chest

Esports betting has rapidly evolved into a significant market, with crypto becoming a preferred payment method due to its speed and flexibility.

user avatarRajesh Kumar

Dexsport: A Leading Platform for Esports Crypto Betting

chest

Dexsport has emerged as a strong option for esports bettors, offering a seamless experience for betting on CSGO and Dota 2.

user avatarJesper Sørensen

Rob Hadick Optimistic About Crypto's Future

chest

Rob Hadick, a general partner at Dragonfly, shares his optimistic outlook on the future of cryptocurrencies, emphasizing trends in stablecoins and prediction markets despite recent market volatility.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.