Dapper Labs – DIGIT INFO

DraftKings kills NFT business, citing ‘legal developments’

DIGIT — Wed, 31 Jul 2024 01:51:15 +0000

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.

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Dapper Labs’ $4M settlement reaffirms NBA NFTs aren’t securities: CEO

DIGIT — Tue, 04 Jun 2024 05:05:52 +0000

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.

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Dapper Labs Secures Favorable Settlement in Class Action Lawsuit Involving NBA Top Shot NFTs

DIGIT — Mon, 03 Jun 2024 23:26:04 +0000

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 collectibles and ensures the continued decentralization of the Flow blockchain. Dapper […]

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Dapper Labs makes 3rd round of cuts in 9 months amid NFT slump

DIGIT — Thu, 13 Jul 2023 03:00:30 +0000

NFT collectibles company Dapper Labs has said goodbye to another 51 employees only months after a 20% staff reduction in February.

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Cryptoys Unveils Star Wars Digital Toys in New Line of Collectibles

DIGIT — Fri, 05 May 2023 18:34:56 +0000

The crypto platform Cryptoys, backed by Andreessen Horowitz, has announced the launch of Star Wars collectible digital toys featuring iconic characters Darth Vader, Luke Skywalker, and Princess Leia. Cryptoys stated on Thursday that 15 digital action figures will be available to collect in total, and the initial Star Wars non-fungible token (NFT) drop will begin […]

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Disney reportedly scraps its metaverse division

DIGIT — Tue, 28 Mar 2023 06:30:00 +0000

The metaverse division was initially created to work on new ways of engaging Disney’s audience.

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‘It would be absurd’ for a US court to rule private NFTs as securities: Lawyer

DIGIT — Thu, 23 Feb 2023 07:39:58 +0000

The comments from the hosts of lawyers comes as Judge Victor Marreo said that Dapper Labs’ NBA Top Shot Moments NFT may constitute a security.

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Federal Judge Rules NBA Top Shot NFTs May Be Considered Unregistered Securities

DIGIT — Thu, 23 Feb 2023 02:19:55 +0000

A federal judge, Victor Marrero, ruled on Wednesday that the NBA Top Shot non-fungible tokens (NFTs) issued by Dapper Labs may meet the requirements to be considered an unregistered security. The case arose in 2021 when an NBA Top Shot collector sued Dapper Labs, claiming that the NBA Top Shot NFTs, known as “Moments” issued […]

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NBA Extends Partnership With Meta to Bring Basketball Games to the Metaverse

DIGIT — Thu, 26 Jan 2023 21:30:14 +0000

The NBA has extended its current partnership with Meta to broadcast its games to the metaverse. The company announced that 52 games of the league will be available to be enjoyed using VR (virtual reality) tech, using Xtadium, a co-viewing platform. Five of these games will be presented in a more immersive way for Horizon […]

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Spanish Soccer League Laliga Will Certify Goal Scoring Balls Using Blockchain Tech

DIGIT — Mon, 05 Dec 2022 12:30:19 +0000

Laliga, the premier Spanish soccer league, has announced the implementation of a new system that will use blockchain for tracking soccer balls that were used to score a goal. The system, which will be provided by Gol-Ball, a third-party company, will certify these balls to allow users to purchase them through official markets or raffles. […]

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