Big news for NFTs! The SEC, a government group that checks if companies follow the rules, ended its investigation of Yuga Labs, the company behind Bored Ape Yacht Club NFTs, without taking any action. This means they decided Bored Apes aren't like stocks and bonds.
- The SEC looked into whether Bored Apes broke rules.
- The investigation lasted over two years.
- The SEC decided not to punish Yuga Labs.
- This is good news for NFTs and artists who make them.
- Bored Ape prices went up a little after the news.
| Fact | Number |
|---|---|
| Bored Ape floor price (ETH) | 13.75 |
| 2024 Q3 NFT trading volume (USD) | $1.5 billion |
| 2024 Q4 NFT trading volume (USD) | $2.6 billion |
| Projected NFT market growth (2025-2029) | $84.13 billion |
| Projected annual NFT growth rate (2025-2029) | 30.3% |
