Some big-name celebrities have been named in a class-action lawsuit involving NFTs.
The suit claims celebs like Madonna, Jimmy Fallon, Justin Bieber, Gwyneth Paltrow, and Serena Williams promoted Board Ape Yacht Club NFTs without disclosing their financial stake in the company.
Plaintiffs say the celebrity endorsements caused people to buy “losing investments” at “dramatically inflated prices”.
Do you know anyone who got caught up in the NFT craze? Should these celebrities be held liable for endorsing them?