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Immutable declares win for Web3 gaming as SEC ends investigation
Immutable announced that the SEC has notified the company it is formally closing its inquiry into the company and related parties.
This marks a significant milestone for the cryptoindustry and gaming as we advance towards a future with regulatory clarity,” said Robbie Ferguson,president of Immutable, in a statement. For gamers, Immutable said this means true digital ownership of in-game items, with the freedom to trade, sell, or transfer them across platforms and ecosystems. Now with a clear regulatory framework on the horizon, this is expected to catalyse further investment and opportunities from large triple-A gaming studios to tokenize the now more than $200 billion market for in-game purchases.”
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