Securities class action filed v. DraftKings, adding to mounting cases + risk for NFTs and NFT marketplaces

Yesterday, a proposed class action was filed against DraftKings for its sport-related NFTs sold on its marketplace. The case adds to the mounting litigation over NFTs, platform tokens and staking, and cryptocurrency. Although there hasn’t been a final decision in any of these cases, the signs are ominous.

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Real v. Yuga Labs: claims against celebrities Beeple, Bieber, Paris Hilton, Madonna, Jimmy Fallon, Gwyneth Paltrow, Snoop Dogg, Kevin Hart, Future, The Weeknd, Andrew Taggart & Alexander Pall, Serena Williams & Alexis Ohanian, Steph Curry, Khaled

We took a closer look at the Complaint against Bored Ape creator Yuga Labs, Moonpay, et al. focusing on the celebrities. Even though the Complaint is 95 pages long, it’s not that detailed about many of the celebrities. Here are the main allegations against the celebrities: (1) All celebs are alleged to have received Bored…

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