A consumer watchdog group reminded them that they need to disclose their connection to an NFT collection when they promote it on social media.
The letter from Truth in Advertising to the celebrities also notes that NFTs in general are “rife with deception” and that the promotion of them almost always omits mentioning the risks associated with them:
we have found that celebrity NFT promotions is an area rife with deception, including, but not limited to, a failure to clearly and conspicuously disclose the promoter’s material connection to the endorsed NFT company, as well as the omission of other material information, such as the risks associated with investing in such speculative digital assets, the financial harm that can result from such investments, and the personal benefit the promoter may gain by virtue of the promotion.
The letter goes on to remind the celebrity that material connections to an NFT collection should be disclosed in any social media post.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Metaverse NFT Domains Are Trending: Minting Goes Live on Quik․com – Sponsored Bitcoin NewsEveryone is now familiar with the term 'NFTs,' which provide users with decentralized asset ownership and legitimate property through blockchain
Weiterlesen »
How Sotheby’s Is Spearheading An NFT RevolutionDespite the NFT explosion in 2021, these new digital assets still face major questions such as where they get their value, who is buying them and why. To get to the bottom, Forbes spoke with Sotheby's in-house expert.
Weiterlesen »
Vitalik Buterin proposes stealth addresses for anonymous NFT ownershipVitalik Buterin smart contract wallets with a method that would allow the sender to essentially mask their ERC-721 address to third parties.
Weiterlesen »
Mark Zuckerberg’s custom Little League baseball card is getting turned into an NFTMark Zuckerberg is minting an NFT of his Little League baseball card for some reason
Weiterlesen »
17 missing, dozens hurt as fire rages in Cuban oil tank farmHAVANA (AP) — A fire set off by a lightning strike at an oil storage facility raged uncontrolled Saturday in the city of Matanzas, where four explosions and flames injured nearly 80 people and left 17 firefighters missing, Cuban authorities said.
Weiterlesen »
Massive Cuban oil tanker fire leaves 121 injured, 17 missing and 1 deadA lighting bolt sparked a massive fire and four explosions at a Cuban oil storage facility Friday, leaving 121 people injured and 17 firefighters unaccounted for.
Weiterlesen »