Impact Theory's CEO revealed that the company reached a settlement with the SEC.
Impact Theory’s CEO revealed that the company reached a settlement with the SEC.
The financial regulator claimed that Impact Theory – a Los Angeles-based media and entertainment – sold approximately $30 million of NFTs while also vouching for their value appreciation. Nonetheless, the NFTs did not represent company shares and did not yield any form of dividend to the buyers.center around Impact Theory’s three tiers of NFTs called “Founder’s Keys” – “Legendary,” “Heroic,” and “Relentless.
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