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Influencer served settlement demand via NFT: Nifty Newsletter, May 17–23

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In this week’s newsletter, read about the nonfungible token (NFT) influencer who was served a demand for settlement using an NFT, and learn how NFTs can combat issues in the education sector. Check out the NFT assets of bankrupt hedge fund Three Arrows Capital, which were liquidated in an auction, and find out why an exchange-traded fund betting against Meta is shutting down. And don’t forget this week’s Nifty News, featuring Bitcoin (BTC) becoming the second-largest NFT chain by sales volume.

An NFT influencer, known as ben.eth, has been served with a settlement demand accusing them of engaging in wire fraud during a $7 million token presale. The demand, delivered via an NFT, alleges that ben.eth used a manipulative launch strategy for the Psyop (PSYOP) token, which raised $7 million in its initial presale.

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