SEC falls the Yuga Labs probe, Trump Files Nft Marketplace Tradeark: Nifty Newsletter
In the newsletter for this week, the US Securities and Stock Exchange Committee dropped the investigation Non -explosive code (NFT) Yuga Labs, a company owned by US President Donald Trump, has provided brands for Metaverse and NFT Marketplace, and the DRAFTITITION Gambling platform is planning to settle its NFT suit for $ 10 million. In other news, the newly launched Layer-2 network aims to support web3 games.
Yuga Labs says SEC has dropped its investigation at NFT
NFT Yuga Labs said that SEC has dropped its investigation in the company. NFT said in a post that after three years, the agency recently closed its investigation at Yuga Labs.
The company said this was a victory for NFTS and creators, which prompted the ecosystem forward. “Nfts is not securities,” added Yuga Labs.
The organization began investigating in October 2022 under the leadership of former European Speaker Gary Ginsler. It was part of a broader achievement in NFTS, creators and markets to see if NFT assets could be categorized as securities.
Trump’s brands for Metaver’s, marketplace with brands
TROMP’s DTTM operations have been presented to the Trams and NFT brands for the Metaver and NFT market. The deposit described a virtual world under the title Trump, where users can shop for physical and virtual goods, eat in a restaurant and enjoy luxury transportation simulation such as limousines and aircraft.
The company also plans for the NFT market. However, the warning file added that the content that the president only allows will be included.
DRAFTKITINGS settles the laws to take class action on NFT Marketplace for 10 million dollars
Draftkings gambling platform approved $ 10 million to settle a collective lawsuit from NFT. On February 28, the Federal Court judge granted a preliminary settlement request to settle all claims for $ 10 million.
The deal will divide the money between members of the work suit. If it is approved, the settlement will finally end the lawsuit, which started in 2023. The lawsuit claimed that the company sold NFTS, which was investment contracts under securities laws and securities were not registered.
Hamster Kombat says the second season is “more than one game” amid the launch of the second layer
Web3 Hamster Kombat has expanded its ecological system by launching the Blockchain Layer-2 group called the hamster network. L2, based on the open network (TON), aims to support web3 games and decentralized applications.
Hamster Kumat said the network would allow developers to fully launch games. “We are not talking about the central games that store only specific parts of data or NFTS Onchain,” the team told Cointelegraph. They added that they would allow games to put “full logic” within smart contracts.
We thank you for reading this Digest of the Week, the most prominent developments in the NFT space. Come again next Wednesday for more reports and visions in this advanced field actively.
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