<ul><li>CyberKongz, a prominent NFT project, has received a Wells Notice from the SEC.</li><li>The SEC's concern is related to the combination of ERC-20 tokens with CyberKongz's blockchain game.</li><li>CyberKongz plans to challenge the SEC's position and believes it sets a harmful precedent for the Web3 gaming industry.</li><li>The project argues that the SEC's misunderstanding of blockchain contracts and lack of clarity in regulations jeopardize the NFT industry.</li></ul>

CyberKongz Fights Back Against SEC Wells Notice Over Contract Migration

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