Tag Archives: bayc

Story Highlights SEC closes Yuga Labs investigation without penalty or charges. The decision supports the position that NFTs are not securities. The SEC’s kinder stance suggests evolving cryptocurrency restrictions. The US Securities and Exchange Commission (SEC) closed down its probe against Yuga Labs, owner of Bored Ape Yacht Club (BAYC) non-fungible token (NFT) venture and ApeCoin (APE). The SEC will not pursue any enforcement and close the investigation launched in October 2022. Yuga...

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The Nike Virtual Studio launch of the OF1 is also in tandem with the ideologies as it seeks to preserve the legacies of the Nike sneakers in all of their glory to collectors. Web 3.0 startup, Nike Virtual Studio is set to release the Our Force 1 (OF1) Non-Fungible Token (NFT) token as it seeks to power the accessibility to custom utilities for communities linked to its growth across the board. As detailed in a blog post, the chain of events leading to the release of the OF1 collection will...

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