The group revealed in a Monday notice that it had sent letters to several high-profile celebrities who promote NFTs on social media but fail to disclose how they benefit from the sales of such digital collectibles. The recipients of the letters include prominent figures like Floyd Mayweather, Eva Longoria, Tom Brady, Snoop Dogg, DJ Khaled, Paris Hilton, and eleven others, as well as target NFT collections like Bored Ape Yacht Club, Autograph, and World of Women.
Citing longstanding Federal Trade Commission rules, TINA noted that celebrities are required to “clearly and conspicuously disclose” their material connection with the NFT companies they are promoting. Notably, the group had previously tackled Justin Bieber and Reese Witherspoon for their undisclosed endorsements for two NFT projects, inBetweeners and World of Women, respectively.
TINA argues that while celebrities have the means to take significant risks with NFT investments, their followers may not be so buoyant. The group said:
Continue reading on BTC Peers
Source: Cryptocurrency - investing.com
