A group of NFT holders sued an art gallery, claiming it failed to deliver its promised metaverse club.
In this week’s newsletter, read about how non-fungible token (NFT) holders took legal action against an art gallery that promised them a metaverse. Check out how gaming is a playground for developers to test new technologies like NFTs, and in other news, find out how a game that uses NFTs as in-game assets ranked at the top of the charts at the Epic Games store.
A group of NFT holders sued the Eden Gallery, alleging that it had failed to follow through on its promise of a metaverse-based private club for holders. The collection, called Meta Eagle Club, collected about $13 million for 12,000 NFTs.
The group alleges that no substantial efforts were made to build the Meta Eagle Club, even though the team’s updates claimed to be working on it. The lawsuit also alleges that the people building the project had no experience with blockchain development.
