Okay, so this whole NFT thing… I mean, really? People were suing Yuga Labs, the folks behind those… *ape* pictures? The Bored Ape Yacht Club, they call it. Like I need *another* club to avoid.
And they’re claiming these things were… *securities*? Seriously? A judge, a federal judge, in California – you know, the place where everything is a lawsuit – actually said “no.” No! Can you believe it? 🤦♂️ They’re just… collectibles. Membership perks! Like a slightly overpriced, digital country club. Though, honestly, probably less annoying than my actual country club.
Apparently, the plaintiffs couldn’t prove that buying these digital monkeys was supposed to make them *money*. Which, frankly, seems pretty obvious. And it’s not like Yuga Labs was handing out dividends. It’s not like they were saying, “Buy this ape, and you’ll get a percentage of the banana profits!” Though *that* would be something. 🍌
And get this – they were sold on third-party marketplaces. Like eBay, but for… JPEGs. And the creators only get a little cut. Decentralized, they call it. More like “passing the buck,” if you ask me. It diminishes any “issuer-dependent profit expectation”. What *is* that even?! It sounds made up. 🤨
So now, apparently, other NFT creators are breathing a little easier. Which is… great? I guess? I still don’t get it. I really don’t. It’s just… a picture. A very expensive picture. I need a nap. 😴
Read More
- Brent Oil Forecast
- Gold Rate Forecast
- Silver Rate Forecast
- UK Adopts a Quixotic Crypto Quandary with BoE’s Capri-cious Stablecoin Strategy
- Oh My Goodness! Will PENGU Balloons to a Whopping 38%? Find Out Now! 🐧💥
- Winners & Whiners: PUMP Tokens Soar After Pump.Fun Grabs Padre, But Not Everyone’s Happy!
- Coinbase Aims for a Billion-User Open Era
- CNY JPY PREDICTION
- XRP PREDICTION. XRP cryptocurrency
- HBAR: $32 Million Hangs in the Balance! 😲
2025-10-05 11:57