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Coinbase-backed advocacy group Stand With Crypto has established an NFT Legal Defense Fund with a size of 6 million dollars.

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Sep 14, 2024

According to Cointelegraph, the political advocacy group Stand With Crypto, led by Coinbase, has launched a legal defense fund for NFT projects. The fund, named the 'Creator Legal Defense Fund,' is worth 6 million dollars and is supported by the venture capital firm a16z and the NFT marketplace OpenSea. According to information on the Stand With Crypto website, the fund has also received support from law firms such as Fenwick & West LLP, Goodwin Procter LLP, and Latham & Watkins LLP.

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