Popular Pooltogether Crypto-powered save-to-earn lottery game DeFi community shows an impressive bond and unity with a defense funding system using the Pool together NFT collection to rally against a lawsuit that could potentially harm the ecosystem.
Generally, there has been skepticism and criticism about cryptocurrencies and non-fungible tokens (NFTs) especially due to their successful emergence previously with their skyrocketing prices and valuable assets. So it’s no wonder, the DeFi community and the crypto sector as a whole intend to fight for what they feel is right by defending the class-action lawsuit against the Pooltogether NFT ecosystem.
According to https://cointelegraph.com/news/defi-community-rallies-behind-pooltogether-to-hit-1-4m-nft-defense-funding-target this sudden lawsuit was led by former tech lead for senator Elizabeth warren, Joseph Kent. He allegedly claims Pooltogether operates an illegal lottery and has asked for double compensation for spending $12 on a lottery ticket, as well as double compensation for attorney fees and the cost of legal action.
As bizarre as it sounds, this lawsuit also served as a trigger to fully display what the crypto space entails, which is uniting and evolving the space through different crypto investors all over the world.
The NFT sector has also been steadily thriving and growing regardless of minor setbacks, as well as the crypto sector which grows with newly developed technology regularly. Growing Crypto and NFT projects like the Exeno c-commerce platform, Pooltogether, and Decentraland introduction of new NFT art collections and Solana’s possible new phantom wallet for multi-cryptocurrency gateways.
The Web3 space evolves with new projects and newer innovations, and minor setbacks can also be the needed growth catalyst in further advancing and uniting the ecosystem as well as rapidly moving the world to a digitalized future.
What do you make of these lawsuits and their counter-reactions from the DeFi community?