But the ruling is a narrow one that may not apply to other NFTs, the judge noted.
A securities lawsuit against Dapper Labs can move forward after a federal judge said NBA Top Shot Moments NFTs satisfy the legal requirements to be considered securities.
The judgment is not a final decision in the lawsuit against Dapper Labs, only that it can move forward.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.NBA Top Shot Moments NFTs meet the requirements to be considered a security, a federal judge said in a court filing on Wednesday, giving the green light to a class-action lawsuit against Dapper Labs.
Judge Victor Marrero’s decision is narrow, he noted in a court filing, and may not apply to other NFTs.
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