Coinbase-backed advocacy group Stand With Crypto establishes NFT Legal Defense Fund with a size of 6 million dollars

According to a report by Cointelegraph, the tech news from TechFlow reveals that Stand With Crypto, a political advocacy organization 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. As per 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.