PANews, May 17, according to Bloomberg, Dolce Gabbana USA Inc., the American company of Italian luxury brand Dolce Gabbana, was sued by a customer who said he spent $6,000 to buy NFTs and clothing in the Metaverse have collectively lost 97% of their value because of delivery errors by the company.
According to the complaint, the NFTs sold by the company are promoted as "a range of digital, physical and experiential benefits" that can be bought and sold on the Ethereum cryptocurrency blockchain. But there were delays in the delivery of the NFTs and the special benefits promised to customers, according to the complaint filed Thursday in Manhattan federal court. The complaint alleges that the digital clothing was delivered 20 days behind schedule and was "only available on the Metaverse platform, which has almost no users." Even after the digital garments are released, token holders will still not be able to actually use them for the next 11 days because Dolce Gabbana has not received advance approval from the Metaverse platform.
Luke Brown, who filed the lawsuit, said he lost $5,800 from the NFT he purchased. Brown filed the lawsuit on behalf of a group of people who purchased digital assets from NFT projects. The case also names NFT marketplace UNXD as a defendant.