ChainCatcher reported that according to Cointelegraph, the political advocacy organization Stand With Crypto, led by Coinbase, has launched a legal defense fund for NFT projects. The fund is called the "Creator Legal Defense Fund" and has a scale of US$6 million, supported by venture capital firm a16z and NFT market OpenSea.
The fund is also backed by law firms including Fenwick & West LLP, Goodwin Procter LLP and Latham & Watkins LLP, according to the Stand With Crypto website.
Earlier news, a16z crypto invested 1 million US dollars to jointly establish a creator defense fund.
