ChainCatcher news, the NFT project CyberKongz posted on platform X that it has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). This is a form of communication issued by SEC staff to inform companies that the agency's staff may recommend enforcement action against them.The team stated: "Since we first received contact from the SEC, we have been silently enduring for the past two years. Throughout this process, they have shown a complete lack of understanding of blockchain technology, leading to unfair accusations and inaccurate information. CyberKongz is a project rooted in the gaming sector, and the SEC's enforcement division has made very concerning statements to us, suggesting that if the token (ERC-20) is not registered as a security, it cannot be combined with blockchain gaming. Such statements will have a significant impact on the entire Web3 gaming industry, and we will oppose this position in a broader context."

ChainCatcher news, according to official sources, the Layer 2 network Abstract Chain, designed specifically for on-chain culture and community, will launch its mainnet in January next year.Previous news, the NFT project Pudgy Penguins' parent company Igloo Inc. has acquired the on-chain creator economy platform Frame, with the aim of developing a Layer 2 network Abstract Chain designed specifically for on-chain culture and community.

ChainCatcher news, according to Magic Eden market data, the floor price of the NFT project Pudgy Penguins is currently reported at 26.99 ETH (approximately $106,000), with the value of a single piece exceeding 1 Bitcoin.Previous news, Pudgy Penguins announced that it will launch the project token PENGU in 2024.

ChainCatcher news, according to CoinGecko data, Pudgy Penguins has a market cap of $774 million, surpassing BAYC to become the second largest NFT project by market cap.

ChainCatcher message, crypto detective ZachXBT replied to a tweet from Simon, CEO and partner of Moonrock Capital, mentioning the fundamental principles of Web3, saying, "You incubated multiple projects in the last cycle that directly harmed retail traders through imbalanced allocations, so I'm not sure you should be talking about the fundamental principles of Web3."The projects pointed out by ZachXBT include Degen Ape Academy NFT and Punks On Solana NFT.

ChainCatcher news, according to Cointelegraph, Rekt Brands Inc. (Rekt) is the parent company of the Rektguy NFT project Rekt Drinks and Rekt brand intellectual property, which has announced the completion of a $1.5 million seed funding round. The funding was entirely provided by angel investors and the community (with no venture capital firms involved).It is reported that Rekt Brands Inc. is the parent company of the Rektguy NFT project Rekt Drinks and Rekt brand intellectual property. The brand originates from the Rektguy NFT series by artist Ovie Faruq (OSF) and has now expanded into consumer goods and community equity models. Rekt aims to redefine brand ownership and engagement through its Web3 foundation, innovative products, and global community.

ChainCatcher news, according to The Block, the NFT project Flyfish Club has agreed to pay $750,000 as part of its settlement with the U.S. Securities and Exchange Commission (SEC).The SEC stated in a court filing on Monday that Flyfish "issued crypto asset securities without registration." The project earned $14.8 million by selling 1,600 NFTs to U.S. investors. Flyfish also informed investors that they could profit by reselling these NFTs in the secondary market.

ChainCatcher News: A U.S. court dismissed the allegations that basketball superstar Shaquille O'Neal was the "controller" of the NFT project Astrals. The court ruled that Shaquille O'Neal participated in the Solana NFT project Astrals as a "seller" rather than a "controller," and granted Shaquille's request, dismissing some of the allegations against him in the unregistered securities class action that began in May 2023.The court dismissed the claims that the legendary basketball player was the "controller" of Astrals, with the plaintiffs alleging that O'Neal exercised "actual power or control" over the project. However, U.S. District Judge Federico Moreno ruled that O'Neal was a successful "seller" who attracted buyers for Astrals products. The judge also denied the defendants' motion to dismiss the allegations that Astrals NFTs and Galaxy tokens are financial securities.Astrals is a Solana-based NFT project featuring 10,000 unique 3D avatars, aimed at promoting investment in a virtual world and decentralized autonomous organization (DAO) called Astralverse. The project also has its own cryptocurrency, Galaxy, which serves as the governance token for the DAO.

ChainCatcher news, Blur and Blast co-founder Pacman recently tweeted to announce a new incentive policy for the Blast ecosystem. The main changes include:New "Cultural" category: Meme coins and NFT projects will directly receive gold incentives.Asset incentives: Projects can now allocate gold to native assets (subject to Blast Foundation review).Pacman stated that these changes are the first step in supporting Blast assets, and adjustments will be made in the future based on the implementation results.He also mentioned that it is unfortunate that the Pacmoon project decided to migrate before this policy was introduced, but he respects their decision. The incentives originally planned for Pacmoon will be distributed to previous holders based on snapshots taken two weeks before and after the TGE.Previous news, the Blast community token PacMoon announced its migration from Blast to Solana, and will receive an airdrop on Solana based on the PAC burned.

ChainCatcher news, according to data from Magic Eden, possibly influenced by the news of "Solana Blinks ecosystem meme project SEND releasing token economics," the floor price of the NFT project SEND IT has dropped to 0.252 SOL, a 24-hour decline of 38.94%.

ChainCatcher news, according to Defiant, PEPE's market capitalization is $6.2 billion, while the cumulative value of the top 30 NFT projects is slightly over $4 billion.According to the Dune dashboard, the number of users actively trading NFTs has also been on a significant decline. The total number of weekly traders across all NFT platforms plummeted from 201,000 in June 2022 to 24,300 today, but PEPE has surged tenfold over the past year.

ChainCatcher news, AI company Rabbit denied the allegations made by YouTube investigator Coffeezilla, stating that it has always been open about rebranding and shifting towards an AI business.Rabbit stated that the Gama NFT project is independent of itself, and the Gama project has ended after being open-sourced.In addition, Rabbit's founder Jesse Lyu is an experienced entrepreneur who has been involved in multiple projects, including Gama. The company also responded to Coffeezilla's criticisms of the Rabbit R1 product.

ChainCatcher news, according to official sources, the NFT project Coolman initiated by artist Coolman coffeedan is about to launch the Solana ecosystem Meme coin COOL, and NFT holders will have the opportunity to receive airdrops.

ChainCatcher news, incubator CaesarEon announced on X that it is committed to investing 10 million dollars in the Bitcoin NFT project INK. This will help enhance its unique brand, expand its IP domain, and strengthen market influence, while supporting INK holders to develop their own businesses and build personal brands through the INK platform.

ChainCatcher news, according to the latest video released by the NFT project INK, the minting fee for its Genesis series is set at 0.0058 BTC. It is reported that the total supply of the INK Genesis collection is 10,000 pieces.

ChainCatcher news, the NFT project Imaginary Ones announced that it has completed a new round of financing, with participation from Cypher Capital Group, Animoca Brands, MH Ventures, Illuminati Capital, Andromeda Capital, and others.Imaginary Ones stated that it will use this round of financing to accelerate its efforts to become a leading WEB3 entertainment group, focusing on games, content, and merchandise.