The Supreme Court of Gibraltar has overturned its decision to freeze 542 million PLAY tokens in a legal dispute involving two companies linked to the Web3 game-creation platform PLAY Network. Judge John Restano reversed the freeze, citing insufficient evidence and potential harm to the token's value. Ready Games, a US-based company, filed the lawsuit against its Gibraltar-based subsidiary and CEO, alleging control over the PLAY token. Despite winning the initial freeze, Ready Games faced criticism from the judge for lackluster evidence. The court's decision to lift the freeze was met with disagreement from Ready Games, prompting an appeal. The ongoing legal battle highlights the complexities of token ownership and control within the crypto gaming industry. The judgment brings clarity to the community and partners involved, but the dispute is far from over as both parties continue to contest ownership and control of the tokens. Read more AI-generated news on: https://app.chaingpt.org/news