Photo by Tingey Injury Law Firm on Unsplash

It started: UK court delivers legal document via NFT AIRDROP

By LeftFooted | bitcoinea | 17 Jul 2022


In a private hearing on June 24, London's High Court Judge WIlliam Trower gave a law firm permission to deliver legal documents via an NFT airdrop.


This is hugely important for at least two reasons.


One, it sets a precedent, giving NFTs full legal force to the letter of the law. And two, it gives NFT skeptics proof that yes, the technology behind non-fungible tokens provides numerous use cases beyond the 'expensive JPEG' cliche.


The documents are in relation to a lawsuit that has to do with crypto, by the way.


The founder of an Italian joint-stock company called Microgame is suing Binance, Polo Digital Assets, Aux Cayes Fintech and Bitkup, he claims he was tricked into depositing crypto into unknown wallets.


This, as far as I'm concerned, is just trivia. The details and the result of the lawsuit are of secondary importance.


What matters is the precedent.


What's your take?


I've crossposted this article on Bitcoinea and LeoFinance.

How do you rate this article?

15


LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


bitcoinea
bitcoinea

Let’s talk crypto 💎💠

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.