NFTs
Dolce & Gabbana faces lawsuit over 97% loss on metaverse NFTs
![Bitcoin Leads Surge in Weekly NFT Sales Topping $423 Million](https://tokentalk.top/wp-content/uploads/2024/05/Dolce-Gabbana-faces-lawsuit-over-97-loss-on-metaverse.jpg)
A client has filed a lawsuit against an Italian fashion brand, Dolce & Gabbana, for mishandling non-fungible tokens (NFTs). He blamed these NFTs, which were sold with certain benefits, for losing 97% of their value due to delays and unfulfilled promises.
The lawsuit, filed in Manhattan federal court on May 16, accused NFTs and associated benefits of delays in delivery, which resulted in a significant drop in their value and losses.
According to court documents, NFTs were marketed as providing owners with digital, physical and tradable advantages on the Ethereum blockchain. The person who filed the lawsuit, Luke Brown, says the digital items were delivered 20 days late and could only be used on a metaverse platform with very few users.
Additionally, it took another 11 days for the items to be usable, as the necessary approvals from the metaverse platform were not obtained in advance.
Brown, who claims a loss of $5,800, is seeking to represent a proposed class of consumers who purchased from this NFT initiative. The complaint accuses Dolce & Gabbana of consistently failing to deliver on its promises to the community. Their lawsuit highlights ongoing concerns about the accountability and execution of digital asset projects in the fashion industry.
Read too: Man Convicted of Crypto-Funded Dark Web Fentanyl Trading
NFTs
Non-Fungible Items; Picking Up Where NFTs Left Off — COZ Co-Founder Tyler Adams – Op-Ed Bitcoin News
![Non-Fungible Items; Picking up where NFTs left off - Tyler Adams, Co-Founder of COZ - Op-Ed Bitcoin News](https://tokentalk.top/wp-content/uploads/2024/04/Non-Fungible-Items-Picking-up-where-NFTs-left-off-Tyler.jpg)
https://news.google.com/./articles/CBMiZmh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9ub24tZnVuZ2libGUtaXRlbXMtcGlja2luZy11cC13aGVyZS1uZnRzLWxlZnQtb2ZmLWNvei1jby1mb3VuZGVy LXR5b GVyLWFkYW1zL9IBAA?hl=en-US&gl=US&ceid=US%3Aen
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NFTs
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![https://news.google.com/./articles/CBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4 Ni5hbXA?hl=en-US&gl=US&ceid=US%3Aen](https://tokentalk.top/wp-content/uploads/2024/04/httpsnewsgooglecomarticlesCBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4-Ni5hbXAhlen-USglUSceidUS3Aen.jpg)
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NFTs
AI-Powered Discovery Network for NFTs Launches $PULSR Token – Press Release Bitcoin News
![AI-Powered Discovery Network for NFTs Launches $PULSR Token – Press Release Bitcoin News](https://tokentalk.top/wp-content/uploads/2024/04/AI-Powered-Discovery-Network-for-NFTs-Launches-PULSR-Token-–-Press.jpg)
https://news.google.com/./articles/CBMiVGh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9haS1wb3dlcmVkLWRpc2NvdmVyeS1uZXR3b3JrLWZvci1uZnRzLWxhdW5jaGVzLXB1bHNyLXRva2VuL9IBAA?hl= en -US&gl=US&ceid=US%3Aen
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NFTs
Solana Monkey Business Leads NFT Sales with $875,91K
![Solana Monkey Business Leads NFT Sales with $875,91K](https://tokentalk.top/wp-content/uploads/2024/07/1722041110_Solana-Monkey-Business-Leads-NFT-Sales-with-87591K.png)
Image: AI-generated via Midjourney
Solana Monkey Business topped CryptoSlam’s non-fungible token (NFT) sales charts on July 22 with $875,914 in total sales.
The collection had 122 unique buyers, equaling the number of sellers, and an average price of $5,308 per NFT.
This increase in daily sales boosted the SMB’s all-time sales volume to a new record of $212.48 million.
The Solana-based ape-themed collection entered the list of the top 30 NFT sellers of all time over the weekend, knocking SATS BRC-20 NFTs off the rankings.
The second best performing collection of the day was gETH Locked Deposit.
This NFT, which represents gETH locked on the Ethereum layer-2 network Arbitrum, saw a daily sales volume of $583,047 from just one transfer.
The asset was brother-in-law just moments before the transfer is made.
In third place, DMarket’s NFTs and in-game virtual items on the Mythos Network saw a total of $565,002 in sales.
The collection attracted 3,254 unique buyers and 2,848 sellers, with an average price of $24.66 per item. Active DMarket owners stood at 5,111, contributing to a total owner count of 397,931.
Outside of the top three, Ethereum’s DogeZuki Collection came in fourth place with $436,787. Bored Ape Yacht Club, another Ethereum collection, had total sales of $341,576 for fifth place.
While a Solana collection led the day’s results, the network’s total NFT sales for the day were slightly outpaced by Ethereum.
Ethereum led all blockchains in sales on Monday with $4.2 million, with Solana close behind at $4.1 million.
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