Justin Bieber, the Weeknd, Madonna, and Post Malone are among the artists, athletes, and celebrities named in a class action lawsuit against the creators of the Bored Ape Yacht Club NFTs.
Gwyneth Paltrow, Stephen Curry, Snoop Dogg, Kevin Hart, Serena Williams, Future, Diplo, and more were also named as defendants in the suit, which alleges that Yuga Labs, the creators of the Bayc non-fungible tokens, enlisted the celebrities to help “artificially” increase the value of the NFTs, inevitably resulting in “staggering losses” for the buyers.
(Count the defendants among those buyers: In November,...
Gwyneth Paltrow, Stephen Curry, Snoop Dogg, Kevin Hart, Serena Williams, Future, Diplo, and more were also named as defendants in the suit, which alleges that Yuga Labs, the creators of the Bayc non-fungible tokens, enlisted the celebrities to help “artificially” increase the value of the NFTs, inevitably resulting in “staggering losses” for the buyers.
(Count the defendants among those buyers: In November,...
- 12/9/2022
- by Daniel Kreps
- Rollingstone.com
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