OpenSea Disables Bored Ape Trading Amidst Singapore Court Case

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The Bored Ape NFT has been deemed a digital asset in the landmark court case.

with Singapore Courts, and in a first of its kind case, the court ruled that NFTs qualify as a digital asset that could be protected.

“It is the first decision in a commercial dispute where NFTs are recognized as valuable property worth protecting,” said as cited in Bloomberg. Leong is the lead counsel for the case and an equity partner of Withersworldwide. “[T]he implication is that NFT is a digital asset and people who invest in it have rights that can be protected.”

 

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OpenSea disables Bored Ape NFT amid legal case in SingaporeThe Bored Ape NFT, worth at least $190,000, was blocked on OpenSea after a court injunction in Singapore over a loan deal gone bad. OsatoNomayo Why dоesn't anyоne talk abоut it? OsatoNomayo first of many to come i guess... OsatoNomayo Lol Web 3.0 can't be censored...
Source: TheBlock__ - 🏆 464. / 53 Read more »

OpenSea disables Bored Ape NFT amid legal case in SingaporeThe Bored Ape NFT, worth at least $190,000, was blocked on OpenSea after a court injunction in Singapore over a loan deal gone bad. OsatoNomayo Why dоesn't anyоne talk abоut it? OsatoNomayo first of many to come i guess... OsatoNomayo Lol Web 3.0 can't be censored...
Source: TheBlock__ - 🏆 464. / 53 Read more »