In a twist befitting a farcical play, Ready Makers has triumphed in the hallowed halls of Gibraltar’s Supreme Court, securing a most curious order to freeze a staggering 450 million $PLAY tokens, all in the name of safeguarding crypto assets amidst a legal kerfuffle over ownership. Who knew digital tokens could be so dramatic?
On the fateful day of February 4, 2025, the esteemed Supreme Court of Gibraltar, perhaps after a hearty lunch of borscht and blinis, decided to intervene in the crypto circus. They sanctioned a freezing order that would make even the iciest Siberian winter envious, protecting nearly 46% of the $PLAY token circulation. A court-appointed custodian, presumably with a penchant for counting, received 439 million digital assets as per the directive, which was enacted on February 11, 2025. Talk about a chilly reception!
As the main character in this legal drama, Ready Maker (Gibraltar) Limited, operating under the whimsical trade name PLAY Network, finds itself in quite the pickle. With 150.4 million tokens and an additional 300 million tokens in operational limbo, the court’s ruling came after a temporary restraining order on January 3, 2025, commanded Ready Gibraltar to return the keys to the technology kingdom to Ready Games. One can only imagine the courtroom antics that ensued!
The plot thickens as the legal dispute centers around Ready Maker (Gibraltar) Limited, birthed by Ready US in 2022 to unleash the $PLAY token upon an unsuspecting world. The lawsuit, like a poorly written melodrama, targets former COO Christina Macedo, accused of trust violations and the audacious act of declaring ownership over company assets. Oh, the audacity!
Gibraltar Court: The Unsung Hero of the $PLAY Token Saga
David S. Bennahum, the illustrious founder of Ready Games, hailed the court’s decision as essential for maintaining the delicate balance of the $PLAY token ecosystem. Protecting the interests of token holders and ensuring the ecosystem functions as intended—what a noble cause! One can almost hear the trumpets blaring in the background.
Scott Rupp, the Founding General Partner of BITKRAFT Ventures, chimed in with his agreement, declaring the court’s involvement a testament to the gravity of these claims. Protecting intellectual property, he proclaimed, is paramount in this wild west of Web3 gaming and crypto. Who knew the courtroom could be such a hotbed of intellectual property debates?
In a plot twist worthy of a soap opera, BITKRAFT Ventures, Strauss Zelnick, Comcast Ventures, and Jason Calacanis banded together to bestow a generous $8.5 million upon Ready Games to fuel their expansion. With this newfound wealth, the developers have woven blockchain technology and crypto elements into their gaming products like a masterful tapestry. Meanwhile, the Gibraltar court’s order prohibits any company relocation or token movement, ensuring the digital assets remain snug as a bug in a rug. What a delightful mess!
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2025-02-14 12:20