The High Court of England and Wales has allowed Fabrizio D'Aloia, founder of Italy-based online gambling company Microgame, to file a lawsuit via an NFT drop. The ruling will enable legal proceedings against otherwise anonymous persons through their wallet addresses.

Fabrizio D'Aloia is suing unknown parties over losing millions of dollars worth of crypto stablecoins after he was deceived into believing that the owners of two wallets belonged to an online brokerage company.

Joanna Bailey, an associate lawyer who worked on the case, told CoinDesk that the ruling is 'important because it shows the court's willingness to adapt to new technologies and embrace the blockchain and actually step in to help consumers where previous legislation and regulators simply could not do that.'