DraftKings kills NFT business, citing ‘legal developments’
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. Go to Source
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Dapper Labs’ $4M settlement reaffirms NBA NFTs aren’t securities: CEO
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. Go to Source
Dapper Labs Secures Favorable Settlement in Class Action Lawsuit Involving NBA Top Shot NFTs
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 … Read more
Dapper Labs makes 3rd round of cuts in 9 months amid NFT slump
NFT collectibles company Dapper Labs has said goodbye to another 51 employees only months after a 20% staff reduction in February. Go to Source Powered by WPeMatico
Cryptoys Unveils Star Wars Digital Toys in New Line of Collectibles
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 … Read more
Disney reportedly scraps its metaverse division
The metaverse division was initially created to work on new ways of engaging Disney’s audience. Go to Source Powered by WPeMatico
‘It would be absurd’ for a US court to rule private NFTs as securities: Lawyer
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. Go to Source Powered by WPeMatico
Federal Judge Rules NBA Top Shot NFTs May Be Considered Unregistered Securities
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 … Read more
NBA Extends Partnership With Meta to Bring Basketball Games to the Metaverse
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 … Read more
Spanish Soccer League Laliga Will Certify Goal Scoring Balls Using Blockchain Tech
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. … Read more
