Dapper Labs’ $4M settlement reaffirms NBA NFTs aren’t securities: CEO
Dapper Labs’ $4 million settlement agreement to end a class-action lawsuit against the firm reaffirms NBA Top Shot nonfungible tokens (NFTs) are not securities, according to CEO Roham Gharegozlou. The June 3 New York District Court filing shows Dapper Labs reached a settlement agreement with a class group of investors who had sued the firm in 2021, alleging it sold unregistered securities through its NBA Top Shot Moments NFTs.
