News with the tag "NFT law"

Shaquille O’Neal signed an $11 million settlement in exchange for dismissing a class-action lawsuit.

Dapper Labs, a blockchain technology and digital collectibles company, has reached a favorable settlement in the legal case Friel vs. Dapper Labs, establishing that NBA Top Shot Moments are not securities. The company emphasizes that this significant ruling clarifies the legal status of digital coll...

Why Are NFTs Bad? This pressing question underscores today’s heated discussions around Non-Fungible Tokens (NFTs). Despite the buzz, many investors are left grappling with unsellable NFTs, questioning their value and security. This article cuts through the noise to examine the critical issues and le...

In a recent move that intensifies the Securities and Exchange Commission’s (SEC) crackdown on the Non-Fungible Token (NFT) sector, the SEC has charged Stoner Cats 2 (SC2) with conducting an “unregistered offering of crypto asset securities.” The charges specifically target Stoner Cats’ sale of non-f...

The MetaBirkin creator argued that his project was protected under the first amendment as artistic expression; however, that defense ultimately fell short.

The MetaBirkin creator argued that his project was protected under the first amendment as artistic expression, however that defense ultimately fell short.