Judge Says ‘Valueless’ MetaBirkins NFTs Can’t Be Collateral

By Andrew Karpan (January 2, 2024, 4:44 PM EST) — U.S. District Judge Jed Rakoff has concluded that a Los Angeles speculator’s non-fungible tokens appeared to be “valueless items,” deciding he couldn’t use them as collateral to cover a $133,000 jury verdict he lost to the Hermes brand in a trademark case….

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