Nike is in the midst of a $5 million class action lawsuit brought by unhappy buyers of its non-fungible tokens (NFTs). Yet the lawsuit goes on to claim that Nike’s hasty actions in shutting down the RTFKT platform voided huge swathes of properties, drastically plunging the market value of digital...
FTX has a legal action launched against NFT Stars and Delysium (Kurosemi). They are expecting them to get digital tokens that they’ve already purchased back. Those suits were filed in a Delaware bankruptcy court. Each plaintiff claims that these firms failed to provide the promised number of tokens, from crypto...
Grindery, the team behind the popular Telegram wallet, is developing Aventino, a permissionless smart wallet infrastructure powered by the Ethereum account abstraction protocol ERC4337. Ventino Aventino enables developers to build platform-agnostic agents that can autonomously transact, govern, and evolve. As part of onboarding universal gas, Grindery launched its own universal...
STEPN, as the leading Web 3.0 lifestyle app, has more than 5.7 million registered users. The company recently kicked off a thrilling two-year partnership with the Argentina Football Association (AFA), the current holder of the World Cup. The partnership to encourage more movement by rewarding it and engaging with hundreds...
These are promising signs of growth allowing XRP price predictions thrive, with some bullish analysts seeing XRP exploding to $3.63 in the near-term. This optimistic outlook is fueled by a combination of technical indicators, growing institutional interest, and the potential debut of the first XRP ETF. When we were writing...
Among these efforts, US Senators Elizabeth Warren and Josh Hawley have introduced the PROOF Act, a legislative initiative specifically aimed at regulating cryptocurrency exchanges. The change comes after the very collapse of FTX and is meant to keep such events from happening again. Under the legislation, crypto exchanges would have...
By all accounts, FTX is hoping to sue NFT Star and Delysium to get back millions of dollars in tokens. The cryptocurrency exchange, currently embroiled in bankruptcy proceedings, has repeatedly attempted to reclaim these assets before turning to the courts. The legal actions, reported on April 28, aim to ensure...
Nike is being sued over what plaintiff calls a “textbook rug pull” with its Non-Fungible Tokens (NFTs). The lawsuit, titled Cheema v. Nike, Inc., alleges that the athletic apparel totem took advantage of the popularity of NFTs. It further claims that Nike misled investors as the market started to turn...
Nike is facing its own lawsuit at the moment. Plaintiffs are proposing more than $5 million in damages, alleging that the company broke consumer protection laws in multiple states. The court case plays out across four states — New York, Oregon, Florida and California. We wish the plaintiffs the best...