Customer sues Dolce & Gabbana over NFT delivery delay
customer Dolce & Gabbana USA Inc. was sued. A luxury fashion brand claims it mishandled the delivery of non-fungible tokens (NFTs), resulting in a loss of value.
According to a Bloomberg report, plaintiff Luke Brown He claims to have spent $6,000 on D&G’s NFTs. Lost 97% of its value Due to the company’s failure.
A lawsuit has been filed On behalf of the proposed class of individuals A person who purchased digital assets from Dolce & Gabbana’s NFT project.
Did you know?
Do you want to become smarter and richer with cryptocurrency?
Subscribe – We post new cryptocurrency explainer videos every week!
These tokens, sold under the DGFamily brand, It is sold on the Ethereum blockchain, It promises buyers exclusive digital rewards, physical products and access to special events.
Brown’s lawyers argued that the company: Frequently promising products that cannot be delivered They then abandon the projects and communities they promised to support.
Complaints are highlighted. There will be significant delays in delivering these NFTs. It causes customer dissatisfaction. The main feature is digital clothing. It was released late on the 20th.
Moreover, even after the digital costume was released, Because D&G has not received approval from NFT marketplace UNXD, it will not be available for use for the next 11 days. The mayor was also named as a defendant in this lawsuit.
Neither Dolce & Gabbana nor UNXD have commented on the situation.
From a broader perspective, this lawsuit highlights concerns and challenges in the NFT market, particularly with respect to the fulfillment of promises made by issuers.
In other news, last April, Adidas teamed up with Stepn to launch an NFT sneaker collection.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
With nearly 10 years of experience in the fintech industry, Aaron understands all of the biggest issues and challenges cryptocurrency enthusiasts face. He is a passionate analyst who delivers data-driven and fact-based content as well as speaking to both Web3 natives and industry newcomers.
Aaron is our go-to guy for all things digital currency. With a huge passion for blockchain and Web3 education, Aaron is working to transform the space as we know it and make it more accessible to complete beginners.
Aaron has been quoted in several popular media outlets and is a published author himself. In his spare time, he enjoys researching market trends and looking for the next supernova.
