Shaquille O’Neal, former NBA star and current sports commentator, has reportedly agreed to an $11 million settlement to resolve a class action lawsuit over his promotion of Astrals non-fungible tokens (NFTs). Shaq’s NFT Lawsuit And FTX Links Under Legal Scrutiny The settlement, awaiting court approval, also addresses separate claims linked to the collapse of cryptocurrency exchange FTX. The lawsuit was filed after investors alleged they suffered financial losses tied to Astrals NFTs, a collection of 10,000 digital collectibles promoted by O’Neal. Plaintiffs argued that his celebrity endorsement heavily influenced their
Shaquille O’Neal, the basketball star turned business mogul, is at the center of a class-action lawsuit linked to the Astrals NFT project. The case, which has captured public and legal attention, has recently moved forward following a ruling from the US District Court for the Southern District of Florida. The court’s decision granted partial progress for the plaintiffs, while dismissing other claims. Lawsuit Moves Forward with Mixed Results The core of the lawsuit revolves around O’Neal’s promotion of Astrals, a project featuring 10,000 3D NFT avatars and a decentralized autonomous
MNFTM has officially launched its premier Web3 NFT marketplace platform for Black and brown creators globally. The world’s first NFT marketplace for Black and ethnically diverse creators The NFT Marketplace will be the world’s first-ever platform created explicitly for Black and ethnically diverse creators. The initiative hopes to address the gap in the market by providing a ground-breaking space where equality and collecting can co-exist in the digital realm. Founded by CEO Ed Ukaonu, the marketplace will work to represent all voices in the evolving digital economy. The platform’s business model focuses
Media company, HARTBEAT, founded by comedian and actor Kevin Hart, has announced the launch of their new TV special, “Confessions from the Hart.” The series, which will be the first Web3 experience produced by the media company, is set to premiere on July 6, exclusively on Roku. The program will be released in partnership with the Web3 platform, Moonwalk. The special will kick off the first of many more episodes throughout the year, honoring the company’s mission to globalize its content and reach a wider audience. “My favorite thing to do
Green NFT platform, OneOf, has launched an exclusive NFT collection, allowing fans to collectively license the audio recording of the Notorious B.I.G.’s most famous freestyle. The collection, in partnership with the Christopher Wallace estate, will provide collectors with a series of 3D profile picture (P.F.P.) NFT collectibles, also known as avatars. The characters on offer will be inspired by Biggie Small’s life, style, lyrics, and fashion. Biggie Smalls, who tragically passed away in a drive-by shooting in 1997, immensely influenced the hip-hop scene we all know and love today. In
After shooting his music video “House I Built in the metaverse, Snoop Dogg has decided to explore a series of new ventures. According to a tweet by trademark attorney Michael Kondoudis, Snoop Dogg, real name Calvin Broadus, applied for new trademarks for his new digital cannabis project. The musician filed a claim under the brand names “UNCLE SNOOP” and “UNCLE SNOOP’s.” The virtual business will provide various products, including virtual clothing, headwear, footwear, energy drinks, and pre-rolled hemp cigarettes. Users can also purchase virtual cannabis and downloadable cannabis products authenticated
Grammy award-winning artist, Miguel, has just been announced as the newest Global Creative Director for T3MP0, a digital studio that creates web3 communities for A-List talent and brands. He is reportedly the first musical artist of “his stature” to be involved in creating a web3 studio from the ground up, according to the company’s press release. As T3MP0’s creative director, Miguel will extend his extensive collaboration history into partnering with the world’s biggest talent and brands in the web3 space. “We are very excited to support Miguel’s creative vision for the
This Black Blockchain Engineer Just Raised $3.3M Seed Round For Mueshi, Her Fine Art NFT Marketplace
Ariana Waller — known as Ariana The Techie — is a Miami-based blockchain engineer and the owner and founder of Mueshi, Inc. The company launched to be a marketplace where users will be able to buy, sell, and fractionally invest in fine art NFTs. The 26-year-old has just raised a $3.3 million seed round for Mueshi led by Harlem Capital to establish its place in the industry. Presight VC, CapitalT VC, music luminary and investor, Ted Lucas, Alexandra Wilkis Wilson, Black Venture Capital Consortium, and a cohort of additional strategic angel investors also participated. “I was
Encantos, the web3 platform empowering creators who help kids learn, has entered into a partnership with SUMA Wealth to bring non-fungible tokens (NFTs) to the Latinx community. SUMA Wealth, the leading financial technology company for U.S. Latino youth, will partner with Encantos to create educational programs simplifying the world of web3, including NFTs and cryptocurrencies, for its members and provide exclusive access and opportunities acquire NFTs from Encantos creators. The first NFT introduced to the SUMA community will be from the Emmy-Nominated Venezuelan artist Susie Jaramillo and her recently announced
A Black-owned music NFT platform, powered by Trapchain, Inc, has collaborated with indie music artist and native Chicagoan Willie Taylor, to drop his first NFT for his music project, “Write My Wrongs.” Taylor first gained notoriety as a contestant from MTV’s “Making the Band 4”, where Sean Combs chose him (P-Diddy) to be a member and one of the main vocalists for the band Day26 on August 26. 360NFT’s launch and debut NFT release commemorate the band’s popularity and success. Its streamlined ecosystem reportedly makes it easy for users to thrive on the blockchain without
