The NFT project CyberKongz announced that it has received a Wells notice from the U.S. Securities and Exchange Commission (U.S. SEC), potentially facing enforcement action. CyberKongz stated that the SEC is concerned about its association with blockchain gaming and ERC-20 tokens, particularly regarding the contract migration issue of Genesis Kongz in 2021. CyberKongz plans to contest and calls for a clearer regulatory pathway for NFT projects. Currently, the SEC has not commented on the matter. (TheBlock)