NBA High Shot NFTs Deemed Securities by U.S. Federal Salvage

NBA High Shot NFTs Deemed Securities by U.S. Federal Salvage

NBA Top Shot NFTs Deemed Securities by U.S. Federal Judge Dapper Labs lawsuit from 2021 comes back to haunt NBA Top Shot NFTs. Federal Judge says the NFT platform “satisfies the requirements” of securities. The lawsuit argues that Flow blockchain is private and thus qualifies as securities. Dapper Labs is in the hot seat as