NFTs
News Explorer – Dapper Labs Settles Securities Class Action Over NBA Top Shot NFTs
June 3, 11:39 pm
Decrypt
Dapper Labs Settles Securities Class Action Over NBA Top Shot NFTs
Dapper Labs, the company behind NBA Top Shot, has settled a class-action lawsuit with customers who alleged that Top Shot NFTs were illegally offered securities. As part of the settlement, Dapper will pay the plaintiffs $4 million and they will forfeit any future claims that Top Shot NFTs are securities. The agreement provides legal clarity and allows Dapper Labs to focus on delivering experiences for its users.