NBA Legend Shaq Agrees To Pay $11M In Astrals NFT Lawsuit
Posted On November 20, 2024
NBA legend Shaquille O’Neal, known popularly as Shaq, has consented to a $11 million settlement in a class-action lawsuit tied to his promotion of the Astrals non-fungible token (NFT) project.
What Happened: After a year of legal wrangling, O’Neal agreed to the compensation to have the lawsuit dismissed, The Block reported Tuesday.
At the center of the lawsuit is a collection of 10,000 NFT 3D avatars based on Solana (CRYPTO: SOL) and a decentralized autonomous organization for incubating innovative projects.
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