The gaming project is disputing the SEC's claims and is calling for clearer regulations in the NFT sector. CyberKongz, a gaming-based NFT project, announced on December 16 that it has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). The notice raises concerns about the platform’s integration...
Nike-Owned NFT Project RTFKT to Shut Down Operations in Early 2025
RTFKT’s closure follows declining NFT demand and market challenges, despite $50 million earnings and collections like MNLTH and Clone X. RTFKT, the creators of non-fungible token (NFT) sneakers and avatars acquired by Nike in 2021, has announced its closure. The firm revealed in a December 2 post on X that...
Shaquille O’Neal Agrees to $11M Settlement Over NFT Lawsuit
Shaq promoted Astrals NFTs as “DJ Diesel” and shared viral memes to attract investors, court documents reveal. Shaquille O’Neal has agreed to pay $11 million to settle a class action lawsuit brought by holders of the Astrals NFT collection. The settlement, submitted as an unopposed proposal on Monday in a...
