Nifty Newsletter Highlights Dolce & Gabbana's NFT Lawsuit and Rabbit AI's Alleged Scam Among Latest Blockchain Developments

May 22, 2024

In recent developments, Dolce & Gabbana, the renowned fashion brand, finds itself embroiled in a class-action lawsuit due to delays in the delivery of its non-fungible tokens (NFTs). Meanwhile, the gaming world witnessed the debut of Captain Tsubasa's NFT game on the Oasys blockchain, and a Korean university partnered with an LG subsidiary to launch a metaverse. Notably, blockchain gaming investments surged close to $1 billion in April, indicating a growing interest in the sector. On a different note, Coffeezilla, a popular investigative channel, uncovered an alleged NFT scam orchestrated by an AI company, Rabbit AI, shedding light on the complexities and risks prevalent in the burgeoning NFT market.