News with the tag "NBA Top Shot"

It comes four weeks after a federal judge found DraftKings NFTs fell “within the meaning” of the Securities Act and Exchange Act and thus could be securities.

Dapper Labs’ $4 million settlement deal to conclude a class-action lawsuit against the company maintains that NBA Top Shot nonfungible tokens (NFTs) are not securities, according to CEO Roham Gharegozlou. According to a New York District Court filing on June…

Dapper Labs has entered a $4 million agreement to settle an investor lawsuit that claimed it sold NBA Top Shot Moments NFTs as unregistered securities.

Dapper Labs has made a temporary settlement agreement in the NBA Top Shot NFT lawsuit. The lawsuit was filed in 2021 after a group of investors sued Dapper Labs. They claimed that the NFT company and its CEO, Rohan Gharegozlou, broke federal securities laws. The NFT company has been handling a 3-yea...

Dapper Labs, a blockchain technology and digital collectibles company, has reached a favorable settlement in the legal case Friel vs. Dapper Labs, establishing that NBA Top Shot Moments are not securities. The company emphasizes that this significant ruling clarifies the legal status of digital coll...

NHL Breakaway launches with Sweet, a platform for brands to create NFT collectibles under the Ethereum ERC-721 standard on Polygon and the Ethereum mainnet, as well as the Tezos NFT standard.