Shaquille O’Neal gets judge’s greenlight for $11M Astrals NFT settlement
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Apr 09 2025Settlement Approval: Shaquille O’Neal has received court approval for an $11 million settlement in a class-action lawsuit related to his promotion of the Astrals NFT project, which was accused of selling unregistered securities.
NFT Market Decline: The Astrals NFT collection, created in 2022, has seen no sales activity for two years, reflecting a broader decline in the NFT market, with sales dropping significantly from over $2 billion weekly in late 2021 to just $27 million as of early April 2023.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
