HomeCryptocurrency and MetaverseG2 Esports Sues NFT Provider, Bondly

G2 Esports Sues NFT Provider, Bondly

G2 Esports Sues NFT Provider, Bondly

G2 Esports has reportedly filed a lawsuit against NFT partner, Bondly, who allegedly misled the esports organisation.

According to the Washington Post, G2 filed the lawsuit in the Los Angeles County Superior Court and is seeking more then US$5.2 million in damages.

According to the Washington Post, the court filing said: “Bondly and its agents knew that their representations were false when they made them, or made the representations recklessly and without regard to their truth.”

“They knew they could not perform, but cunningly waited until G2 had publicly announced its partnership with Bondly to its millions of fans to reap the benefits of publicity through the highly valuable G2 brand,” it said.

The pair originally partnered in June 2021, with the partnership set to last two years and the two organisations collaborating on several NFT drops.

The deal also saw Bondly agree to an annual rights fee of US$2 million and an ‘advance guarantee’ of US$1.25 million, with the first set of NFTs being released on 30 June, 2021.

G2 has since announced a new NFT partnership with provider, Metaflex, the announcement in January this year did not mention the partnership with Bondly and the original press release has been removed from G2’s website.

Additionally, Bondly previously partnered with BLAST Premier in June 2021 and has had partnerships with singer, Lewis Capaldi and YouTuber, Logan Paul.

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