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Overheard on the Block(chain)

Virtual Currencies, Digital Assets & the Law

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NFT Endorsed by Celebrities Prompts Class Action

By Barbara A. Jones & William Mack on December 27, 2022
Posted in Featured, NFT, SEC Enforcement

Since the early days of the launch of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), several celebrities have promoted the NFTs. On Dec. 8, 2022, plaintiffs Adonis Real and Adam Titcher brought a lawsuit against Yuga Labs, creators of the BAYC, alleging that Yuga Labs was involved in a scheme with the “highly…

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