Sports activities playing firm Draftkings is shutting down its non-fungible token (NFT) enterprise “efficient instantly,” the corporate stated in an e-mail to clients, ending a high-flying crossover between digital collectibles and sports activities tradition.
“After cautious consideration, DraftKings has determined to discontinue Reignmakers and our NFT Market, efficient instantly, as a consequence of latest authorized developments. This choice was not made flippantly, and we imagine it’s the proper plan of action,” the e-mail stated.
Weeks in the past, a federal decide allowed a category motion lawsuit towards DraftKings to proceed after discovering plaintiffs “plausibly pled” DraftKings’ NFTs have been unregistered securities, in line with Westlaw.
It is a growing story and can be up to date.
