Playboy Enterprises, the company behind seminal softcore pornography magazine Playboy, is suing a blockchain startup for fraud and breach of contract after it, uh, failed to deliver. The LA Times reports that a lawsuit has been filed in the Los Angeles County Superior Court. It alleges that Global Blockchain Technologies (BLOC) failed to fulfil pretty much every requirement of a deal to integrate cryptocurrency Vice Industry Token (VIT) with Playboy’s online pornography platform. A contract was signed in March that would have seen VIT be adopted as an authorized payment method, with BLOC building it a tokenized ecosystem that would…
This story continues at The Next Web
https://ift.tt/2MxJt6Y David Canellis August 15, 2018 at 06:00AM
No comments:
Post a Comment