Do Kwon lawsuit! PSG And Jay Chou Metaverse! Jay’z Sneakers Auction With Metaverse Benefits! + More!

On Friday, a class-action complaint was filed in US District Court in Northern California. According to plaintiff Nick Patterson, Terra tokens were given as "unregistered securities" In 2018, he and Daniel Shin co-founded Terraform Labs with the goal of upending payment behemoths like PayPal. Do Kwon, the Terra co-creator, is named as a defendant in the action.
At the start of the next Iranian calendar month, the energy to bitcoin mining equipment will be turned off. Although the country already has 118 certified cryptocurrency mining locations, these units will be required to unplug from the national grid.

Noah Davis, who worked on Beeple's "The First 5,000 Days" NFT, has joined the firm as the Punks brand manager. The move indicates that Punks are likely to return to the National Futurity Fund (NFT) sector. The parent business of CryptoPunks has hired a brand lead for the NFT initiative.

Nayib Bukele, El Salvador's president who helped Bitcoin become legal tender, addressed investor concerns when BTC began trading for less than $20,000.

SafeMoon, a Binance Smart Chain cryptocurrency project, has seen its value collapse despite a network update that was expected to raise interest in the coin. The project's credibility has been called into doubt following allegations of a rug-and-pull operation. Coffeezilla, a YouTuber, made some of the allegations public.

Kevin O'Leary feels that the failure of large and overleveraged crypto enterprises would be beneficial to the sector. In a recent interview with CNBC, O'Leary stated that a wipeout involving a large player with sophisticated holdings may be helpful to any financial market.

According to documents, Mars is working on "entertainment services" based on its well-known product. Snack companies are beginning to experiment with NFTs and the metaverse. Cadbury uses augmented and virtual reality technology to take couples to the moon for a virtual courtship trip. Mars, Inc. has yet to issue an official statement in response to the recently released "Snickers" NFT patents.

Jay Chou, a mandopop phenomenon, and Paris Saint-Germain are collaborating on a new art project. The artwork incorporates PSG's mascot as well as Chou's particular design style. Chou is now collaborating with the PSG Endowment Fund to promote awareness and funds for disadvantaged children.

Relevant Customs, an underground sneaker manufacturer, is partnering with ClubRare to auction off a "artist proof" pair of the famed Brooklyn Zoo shoe. The item is worth more than $25,000 because just 10 pairs were ever created. This sought-after sneaker will be auctioned off as an NFT-backed item with metaverse exclusivity on June 21 at https://clubrare.xyz.