Shaquille O’Neal NFT Lawsuit: $11 Million Settlement Reaches Final Approval

Basketball icon Shaquille O’Neal has agreed to pay a $11 million settlement in a lawsuit brought by investors of the Astrals NFT project, marking a significant milestone for celebrity endorsements in the cryptocurrency world. This case highlights legal uncertainties surrounding NFTs and the classification of digital assets as securities, with implications for investor protection and regulatory guidelines within the crypto space.