Trending...
- Jason Koch: Pioneering the Future of Real Estate Development in New Jersey
- Consumer Accountability Alliance Issues Formal Notice Alleging Proximate Liability for Medical Harm
- Exciting New Era of Sports, Entertainment & Gaming Innovation Spotlighted by Rebrand of Expanding AI Driven, Online Fan Engagement Company: SEGG Media
MIAMI - PrAtlas -- By Atlas CORP.
Atlas Conglomerate of Ridiculous Proportions LLC ("Atlas CORP"), a Florida-based limited liability company, has filed a lawsuit against NFT Technologies, Inc. (NEO: NFTFF) ("NFT Technologies"), a British Columbia corporation, in the United States District Court, Southern District of Florida (Case No. 1:23-cv-22810-RNS).
The complaint, filed on July 27, 2023, alleges breach of contract and seeks declaratory judgment. The suit pertains to the Software Development Sales Contract entered into by both parties on June 7, 2023, for the development of the NFT-based augmented reality game "U.S. Women's Open ArtBall 2023," which was created in partnership with the USGA.
Atlas CORP claims to have fully performed all terms and conditions required, including completing development and delivery of the Product, yet NFT Technologies has allegedly failed to make the required payments set forth in the Contract, owing $127,500 of the total amount.
More on PrAtlas
The complaint further alleges that NFT Technologies and its former owner/CEO, Adam De Cata, have misrepresented the ownership of the intellectual property associated with "ArtBall," causing irreparable and inequitable harm to Atlas CORP. ArtBall rose to prominence following its successful endeavor around the 2022 Australian Open Tennis Tournament.
Atlas CORP's legal action aims to hold NFT Technologies accountable for their failure to honor the contract, to declare Atlas CORP as the sole and lawful owner of the collateral, and to seek damages, including attorney's fees and costs. Atlas CORP tried to amicably resolve this matter with Interim CEO & Co-Founder/Executive Chairman Wayne Lloyd.
This lawsuit highlights Atlas CORP's commitment to ethical business practices and serves as a cautionary note to others in the industry who may consider engaging with NFT Technologies, Wayne Lloyd or Adam De Cata.
For further information or inquiries about this matter, please contact Atlas CORP at the principal place of business located at 400 NW 26th Street, Miami, FL 33127.
Atlas CORP is represented by HEITNER LEGAL, P.L.L.C.
Atlas Conglomerate of Ridiculous Proportions LLC ("Atlas CORP"), a Florida-based limited liability company, has filed a lawsuit against NFT Technologies, Inc. (NEO: NFTFF) ("NFT Technologies"), a British Columbia corporation, in the United States District Court, Southern District of Florida (Case No. 1:23-cv-22810-RNS).
The complaint, filed on July 27, 2023, alleges breach of contract and seeks declaratory judgment. The suit pertains to the Software Development Sales Contract entered into by both parties on June 7, 2023, for the development of the NFT-based augmented reality game "U.S. Women's Open ArtBall 2023," which was created in partnership with the USGA.
Atlas CORP claims to have fully performed all terms and conditions required, including completing development and delivery of the Product, yet NFT Technologies has allegedly failed to make the required payments set forth in the Contract, owing $127,500 of the total amount.
More on PrAtlas
- Revolutionary Blockchain Platform Okh Finance Announces Okh Finance(OKKH) Token Launch to Transform Global Asset Leasing Market
- Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
- Easton & Easton, LLP Files Suit Against The Dwelling Place Anaheim & Vineyard USA Over Abuse Allegations
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
- Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple
The complaint further alleges that NFT Technologies and its former owner/CEO, Adam De Cata, have misrepresented the ownership of the intellectual property associated with "ArtBall," causing irreparable and inequitable harm to Atlas CORP. ArtBall rose to prominence following its successful endeavor around the 2022 Australian Open Tennis Tournament.
Atlas CORP's legal action aims to hold NFT Technologies accountable for their failure to honor the contract, to declare Atlas CORP as the sole and lawful owner of the collateral, and to seek damages, including attorney's fees and costs. Atlas CORP tried to amicably resolve this matter with Interim CEO & Co-Founder/Executive Chairman Wayne Lloyd.
This lawsuit highlights Atlas CORP's commitment to ethical business practices and serves as a cautionary note to others in the industry who may consider engaging with NFT Technologies, Wayne Lloyd or Adam De Cata.
For further information or inquiries about this matter, please contact Atlas CORP at the principal place of business located at 400 NW 26th Street, Miami, FL 33127.
Atlas CORP is represented by HEITNER LEGAL, P.L.L.C.
Source: Atlas CORP
0 Comments
Latest on PrAtlas
- Centennial Flyers to Become Colorado's First Launch Customer for All-Electric B23 Energic Aircraft
- Pyro Marketing Opens New Digital Marketing Company to Power Growth for Fitness and Ecommerce Brands
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- $14M Expansion Deal with Famed David Lloyd Highlights Rebrand of Sports, Entertainment and Gaming Innovation by AI Driven, Online Fan Engagement Co
- Heartfelt Dreams Foundation Launches Campaign to Build CHD Hospital
- Radarsign Tackles Intersection Safety with Launch of Grid-Free Solar LED Stop Sign
- Miami Real Estate Agent Drastically Increases Interest In Homes
- Adostics & Genmega Announce the Introduction of A-POD
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber
- Heritage at South Brunswick Offers Immediate Townhome Appointments and Special Mortgage Incentive Fast-Moving Sales
- NASA Collaborative Agreement for Supply of Thin-Film Solar Tech for Orbital Application to Advance Development of Thin-Film PV Power Beaming: $ASTI
- Exciting New Era of Sports, Entertainment & Gaming Innovation Spotlighted by Rebrand of Expanding AI Driven, Online Fan Engagement Company: SEGG Media
- Service Ninjas Debuts First-of-Its-Kind "Membership" Platform for Home Service Pros
- BIYA Forecasts 2025 Surge with ¥300M ($41.8 M USD) in Revenue and ¥25M Profit from Cloud Based HR Solutions: Baiya Intl. Group (N A S D A Q: BIYA)
- Paul E. Saperstein Co. Announces Geographic Expansion of Auction Services
- Florida Broker Bent Danholm Featured in the Daily Mail's U.S. Real Estate Coverage
- Robin Launches Legal Intelligence Platform to solve intelligence gap in Fortune 500 legal teams
- Melissa B. Releases Digitally Independent: Empowering Music Artists with AI and Brand Strategy
- Consumer Accountability Alliance Issues Formal Notice Alleging Proximate Liability for Medical Harm
- Utah Metal Fabricator Titan Forge Builds Momentum with Custom Steel Projects and Spiral Staircases