The Supreme Court of Gibraltar recently made a significant decision regarding the legal dispute over 542 million PLAY tokens involving two companies linked to the Web3 game-creation platform PLAY Network. In an April 17 judgment, Gibraltar Supreme Court Judge John Restano reversed the freeze on the tokens that was imposed in February. The court found that the freeze could potentially harm the token’s value and that the evidence presented was inadequate to justify the continued freeze. The dispute involves US-based Ready Makers and its founder, David Bennahum, against its Gibraltar-based subsidiary, Ready Maker (Gibraltar) Limited, and its CEO, Christina Macedon. Ready Games successfully obtained a freeze on the tokens in February, with the tokens handed over to a court-appointed custodian. The 542 million PLAY tokens represent a significant portion of the circulating supply and are valued at approximately $2.6 million. The token’s price has seen a sharp decline since its launch in December. Judge Restano criticized the evidence presented for the freeze, calling it “far from impressive.” Ready Games has expressed disagreement with the court’s decision to lift the token freeze and has filed an appeal seeking to reinstate the freeze pending the appeal’s outcome. The legal battle revolves around the control of Ready Maker and its assets, with conflicting claims between the parties involved. The court’s decision has sparked further legal actions as the parties continue to dispute control over the Gibraltar-based firm.