First seen in PYMNTS.com: A customer has sued Dolce Gabbana for selling non-fungible tokens (NFTs) that did not meet the promised benefits. The customer claims that he spent $6,000 on the NFTs, which were supposed to come with outfits to wear in the metaverse and provide access to digital rewards, physical products, and exclusive events. However, the outfits arrived late and could only be used on a platform with limited users.
It is also reported that sales of NFTs fell 63% to $8.7 billion in 2023... after being a popular feature of the crypto market in 2021. GameStop announced in January that it would be getting out of the NFT arena and winding down its NFT marketplace due to regulatory uncertainty in the crypto space. Dates of events related to this: * January: Sales of NFTs fell 63% to $8.7 billion
* January: GameStop announced it would be getting out of the NFT arena
* May 16: The plaintiff brought the case on behalf of a proposed class of people who had similar experiences... reported by Bloomberg ← →
Source: See hereIt is also reported that sales of NFTs fell 63% to $8.7 billion in 2023... after being a popular feature of the crypto market in 2021. GameStop announced in January that it would be getting out of the NFT arena and winding down its NFT marketplace due to regulatory uncertainty in the crypto space. Dates of events related to this: * January: Sales of NFTs fell 63% to $8.7 billion
* January: GameStop announced it would be getting out of the NFT arena
* May 16: The plaintiff brought the case on behalf of a proposed class of people who had similar experiences... reported by Bloomberg ← →
Dolce ⁘ Gabbana Sued Over NFT Sale
• $6,000 spent on promised NFTs.
• Outfits arrive late, with limited use.
• Benefits not as promised, consumer claims.
• NFT sales plummet, regulatory uncertainty
Dolce ⁘ Gabbana has reportedly been sued by a customer who said he spent $6,000 on non-fungible tokens (NFTs) offered by the company, only to have them arrive late and without the benefits that were promised. The plaintiff brought the case on behalf of a proposed class of people who had similar experiences, Bloomberg reported Thursday (May 16).
