Dapper Labs Reaches $4 Million Settlement in NBA Top Shot NFT Lawsuit. We read the verdict, plaintiff argued that NBA Top Shot represent securities, $FLOW blockchain team and CEO implied CEO, Roham Gharegozlou suggested #NFTs would increase in value.
1️⃣ Settlement cost $4 million and the foll. conditions
2️⃣ Judge ruled #Flow blockchain private blockchain and not sufficiently decentralized
3️⃣ Judge ruled that Dapper Labs relinquish all control of $FLOW Tokens – and XFR to Foundation.
4️⃣ Judge ruled that Top Flow NFTs be traded on other platforms other then #FLOW.
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