Opportunity for Game of Silks NFT Investors to Take Lead in Securities Lawsuit
NEW YORK, April 5, 2025 /PRNewswire/ — The Rosen Law Firm, a prominent global advocate for investor rights, has issued a reminder to individuals who purchased Game of Silks non-fungible tokens (NFTs)—including Silks Avatar NFTs, Silks Horse NFTs, and Silks Land NFTs—about the critical deadline of April 25, 2025, for becoming a lead plaintiff in a class action lawsuit.
Compensation Possibility for NFT Purchasers
Investors who acquired Game of Silks NFTs may qualify for compensation without incurring any upfront fees, thanks to a contingency fee structure. This arrangement allows plaintiffs to seek justice without the burden of initial costs.
Steps to Join the Class Action
If you are interested in participating in the Game of Silks class action, options to express your intent include submitting a form or reaching out directly via phone or email for further details. The lawsuit is already underway, and those wishing to serve as lead plaintiffs must file their motion by the April 25 deadline. A lead plaintiff essentially represents others in the class during the litigation process.
Why Choose Rosen Law Firm
Investors are advised to select legal representation with a proven history of success in handling similar cases. Many firms that send notices may lack the necessary experience, resources, or peer recognition to effectively litigate securities class actions. The Rosen Law Firm specializes in representing investors and has achieved notable settlements, including a record settlement against a Chinese company. The firm consistently ranks among the top for securities class action settlements and has secured significant recoveries for investors, including over $438 million in 2019 alone.
Case Background
The lawsuit claims that Game of Silks launched a metaverse game that simulated real-life horse racing on the blockchain, allowing users to invest in digital representations of actual racehorses and earn returns based on their performance. The complaint argues that the Game of Silks NFTs, sold starting in April 2022, qualify as securities under the Securities Act of 1933. Therefore, they should have been registered with the U.S. Securities and Exchange Commission (SEC), which did not occur. The lawsuit further alleges that Game of Silks made significant misrepresentations and omissions regarding its financial health and business model during the sale of these NFTs.
Current Status of the Class Action
At this stage, no class has been officially certified. Until such certification occurs, individuals are not represented by counsel unless they choose to retain one. Investors have the option to remain uninvolved at this point, and participation as a lead plaintiff does not affect their eligibility for any potential future recovery.
Stay Updated on the Case
For ongoing updates, individuals can follow the Rosen Law Firm on various social media platforms, including LinkedIn, Twitter, and Facebook.
Legal Disclaimer
This announcement serves as attorney advertising. Past outcomes do not guarantee future results. For further inquiries, please contact the Rosen Law Firm directly.
