Shaquille O’Neal must defend allegations in Astrals NFT lawsuit

Shaquille O’Neal must defend allegations in Astrals NFT lawsuit

A U.S. court has partially granted and dismissed a class action lawsuit against Shaquille O’Neal for his involvement in the NFT project Astrals, according to documents filed Friday, via CoinDesk.

Astrals, featuring 10,000 NFT 3D avatars and a decentralized autonomous organization (DAO), allowed NFTs as virtual avatars, with the Galaxy token as the DAO’s governance token.

The lawsuit claimed O’Neal promoted Astrals, urging investors to join, but abandoned the project after FTX collapsed, causing the value to drop.

Continue reading Shaquille O’Neal must defend allegations in Astrals NFT lawsuit at TalkBasket.net.

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