According to Decrypt, the 3-on-3 professional basketball league BIG3, founded by hip‑hop artist Ice Cube, is facing a class-action lawsuit brought by its NFT investors. The plaintiffs allege that in 2022 the league sold Ethereum NFTs for as much as $25,000, promising ownership of teams, participation in management, and a share of future team sales through “deceptive and fraudulent” marketing, but ultimately failed to deliver, resulting in harmed investor rights. The lawsuit points out BIG3 sold four teams in 2024 for roughly $40 million, yet did not distribute proceeds to the NFT holders who were the original investors, demoting them from the so‑called “team owners” to ordinary ticket holders. BIG3 representatives rebut, claiming the plaintiffs violated a contractual obligation to resolve disputes via confidential arbitration, and note that the league is currently planning to go public through a merger with a special purpose acquisition company (SPAC), with an expected valuation of about $290 million. https://t.co/h5MklOMZDf
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21.3K @chad_ventures 21.3K @chad_ventures Same for $ETH - price is currently performing an underside test of the resistance band. Crucial spot.
Reclaiming this and the weekly https://t.co/3EzYFIrQ19 positioning shelf around $2,000, which is also a key psychological level, is necessary for anything positive to happen. https://t.co/dngfZ7Osvs
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1.7K @ether_world Explore the key projects building Ethereum's AI agent infrastructure, from identity and payments to verifiable computing, decentralized data, & autonomous execution.
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Ethereum (ETH) is a decentralized platform that runs smart contracts, defined as applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk. The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
