A class action lawsuit alleges that stakeholders of Yuga Labs, the parent company of the NFT series Bored Ape Yacht Club and its affiliated digital products, engaged in a conspiracy with celebrities to defraud potential investors. In the lawsuit, filed Dec. 8 in federal district court in Los Angeles, Yuga’s partners — including veteran music …
Seems like a good old fashionable celebrity endorsement just got a little tougher when it comes to the digital market these days. Less than a month after Larry David, Tom Brady Gisele Bundchen and Stephen Curry were sued for bringing their high-paying star power to the launch of now-collapsed cryptocurrency firm FTX, a new class …
Jimmy Fallon, Gwyneth Paltrow and Justin Bieber have been sued in a proposed class action lawsuit accusing them and a host of other celebrities of promoting non-fungible fraud tokens at the Bored Ape Yacht Club. Lawsuit claims celebrities misled followers by buying BAYC NFTs, among other unregistered securities issued by Yuga Labs, to increase their …
Celebrity Promoters Sued Over Bored Ape NFT Endorsements Read More »
In short The overall volume of NFT transactions fell by around 8% in November, while the total number of NFTs sold fell by 23% compared to October. Solana’s trading volume increased after a weak October, while NFT trading on Flow fell more than 50% after falling 60% the previous month. The turmoil in the cryptocurrency …
Solana Soars, Flow Falls as NFT Market Continues to Fall in November Cryptocurrency Read More »
