PoolTogether Uses NFTs to Raise 471 ETH for Legal Defence

The platform has already raised more than half of its goal, and the NFT funding campaign will expire in another 21 days. PoolTogether, a DeFi platform that bills itself as a “no-loss lottery,” has earned 470.90 Ether (ETH) through NFT sales to fund its legal defense against a putative class action lawsuit. PoolTogether raises 471 ETH with NFTs to fund legal defense – https://t.co/WbuSsCcQiM#Crypto #CryptoNews #CryptoTrends #NFT #NFTNews #NFTRelease #NFTDrop #AltCoin #AirDrop #NFTProject #NFTArtist #NFTCommunity #CNFT #CNFTCommunnity pic.twitter.com/SYVvchHKrI — droptown.io (@droptown_io) June 1, 2022 PoolTogether is now halfway to raising at least 769 ETH (approximately $1.5 million) to fight a lawsuit it claims has “no merit.” Before the NFT financing campaign concludes, the platform has another 21 days. On its NFT minting page, it stated: “PoolTogether Inc. is a defendant in a putative class action lawsuit. A person deposited the equivalent value of $12.00 into the protocol and is now suing PoolTogether Inc. and others for substantial damages.” Joseph Kent, the former technology lead for Senator Elizabeth Warren’s 2020 presidential campaign, filed a class-action complaint against the project, its inventor Leighton Cusack, and several of its related partners in January after depositing around $12 worth of stablecoins into the protocol. Kent claims that PoolTogether is running an illegal lottery in New York. According to an am...