It is the second Web3 gaming firm hit with a Wells Notice warning of a pending enforcement action by the Securities and Exchange Commission in two months.

Veteran NFT Project Seeks To Promote Security With New Ethereum Token Standard

The lines are getting blurred between NFTs and DeFi. Bored Ape Yacht Club (BAYC), the Ethereum-based NFT collection that exploded over the summer, has announced that it will issue a “legally compliant” token in the first quarter of 2022. The move is intended to “thoughtfully craft dope utility and governance, benefit our club members, and…