Soccer superstar Cristiano Ronaldo is facing a $1 billion class action lawsuit for his promotion of Binance, the world’s biggest crypto exchange.
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Soccer superstar Cristiano Ronaldo is facing a $1 billion class action lawsuit for his promotion of Binance, the world’s biggest crypto exchange.
Scooped by Peter Mellow |
Boom has turned to bust for NFTs - a way of attaching your name to original artwork.
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AI is not the only innovation troubling the art world. An analysis of a related area – NFTs, or non-fungible tokens – according to the website dappGambl, found that 95% of more than 73,000 studied are now of “no practical use or value”, two years after the market peaked at $22bn (£18bn) in 2021. “This daunting reality should serve as a sobering check on the euphoria,” it said.
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A group of investors is suing Sotheby’s auction house and others over the promotion of Bored Ape Yacht Club NFTs following a collapse in prices for the celebrity-endorsed collectibles.