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Filing: Dapper Labs, maker of NBA Top Shot Moments NFTs, settles a class action lawsuit for $4M over allegations of selling unregistered securities

- Dapper Labs, the creator of the NBA Top Shot Moments NFT collection, said it had settled a class-action lawsuit which alleged the company had violated securities laws.

The Block RT Watson

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  • @roham @roham on x
    Great news! We @dapperlabs today announced a legal resolution that reaffirms two of our most important positions: After discovery, it was understood and agreed that @Flow_blockchain is a decentralized public network and that digital collectibles like @NBATopShot are not
  • @roham @roham on x
    Fun fact: we already trod the “consumer NFTs are not securities” ground years ago: we worked directly with lawyers and regulators while developing the original NFT standard in 2017 and before launching CryptoKitties on Ethereum! That said this was the first time settling the [ima…