NBA's 'Top Shot' NFTs Are Securities, Judge Rules in Dapper Labs Case

NBA's 'Top Shot' NFTs Are Securities, Judge Rules in Dapper Labs Case
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Dapper laboratories nba mark "top shot" nonfungible tokens are plausiblely headlines, a federal judge ruled on Wednesday.

"The Court finds that Plaintiffs’ allegations render each consideration under Howey facially plausible and survive Defendants’ Motion to Dismiss the alleged violation of Sections 5 and 12 of the Securities Act," the ruling said.

It's an evolutionary history that's going to be updated.