Dapper Labs Secures Favorable $4 Million Settlement in NBA Top Shot Lawsuit

Jun 3, 2024, 11:39 PM

Dapper Labs, the parent company of NBA Top Shot, has reached a $4 million settlement in a class action lawsuit. The lawsuit accused the company of selling securities without proper registration. This favorable settlement marks a significant development for the NFT and blockchain firm, which has been under scrutiny for its practices involving NBA Top Shot, a popular platform for buying and selling digital basketball highlights.