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The Singapore High Court’s injunction to protect an NFT is the first in Asia and the first globally in a commercial dispute.
May 24, 2022 at 10:50 AM
2 minute read
Withers KhattarWong, the Singapore arm of international firm Withers, has secured an injunction on the sale of the Bored Ape Yacht Club Non-Fungible Token (NFT) on the Ethereum blockchain.
The BAYC NFT series is a collection of 10,000 avatars which at one point had a floor price of 108 Ethereum,—the equivalent of over $260,000—due to its popularity and a large celebrity following.
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