A British court has allowed lawsuits in the form of NFTs

A British court has allowed lawsuits in the form of NFTs

The High Court of England and Wales has allowed the founder of Italian online gambling company Microgame, Fabrizio D’Aloia, to sue anonymous individuals by sending non-fungible tokens (NFTs) to their addresses. D’Aloya sent about $2.1 million and $230,000 in cryptocurrency in two transactions to two wallets owned by an online broker. It was later revealed that the entrepreneur had fallen victim to fraudsters.

Case details. The exchanges Binance, Poloniex, Gate.io, OKX and Bitkub identified D’Aloy’s funds. Last month he obtained a court order prohibiting the platforms from moving his assets. Now, with the help of NFT, the businessman will be able to send court documents to the fraudsters’ wallets. In an interview for CoinDesk, attorney Joanna Bailey, who is working on the case, said:

“This precedent is important because it shows the court’s willingness to adapt to new technology, embrace blockchain and engage directly in processes to help consumers where previous law and regulators simply could not.”

Non-fungible tokens have increasingly begun to be used in everyday life. For example, the South Korean exchange Korbit has begun issuing employee IDs in the form of NFTs. Also, South Korea’s Songyungwan University began issuing diplomas and awards to students in the NFT format. And the GT Vincenzo Sospiri Racing team will use tokens to certify auto parts.

Adam Spencer

Written by Adam Spencer

Author of the section "NFT".
A digital artist who releases his artwork under a pseudonym that is not disclosed on this site. Since childhood is fond of drawing and sculpture. A graduate of the Academy of Fine Arts. Passionate about both the creation of art and its history.
Has not passed him by and modern technology. He makes his works on the computer using a tablet. Master of Photoshop, Illustrator, 3ds Max and other less common specialized programs for designers and artists.
Got interested in NFT back in 2020, even before its popularity peaked. Believes NFT is a great technology that allows little-known artists to show their work to the world.

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