A company that says it invested $250,000 in a nonfungible token project in return for a business opportunity and a share of revenue has sued basketball legend
The Magicverse Genesis NFT collection never materialized, and offering party Carrie Lyn Henman disappeared along with the invested funds, DoneRight & Co. says. The company filed its complaint Wednesday in the US District Court for the Central District of California on its own behalf, not on behalf of a proposed class.
The status of NFTs as securities is a developing legal issue. A federal court in …
