Dapper Lab’s NBA Top Shot Moments may qualify as a security, says US judge
Federal judge Victor Marreo has ruled that under the Howey test, the NFTs offered by Dapper Labs constituted “investment contracts” — but that doesn’t mean that all NFTs are.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Federal judge Victor Marreo has ruled that under the Howey test, the NFTs offered by Dapper Labs constituted “investment contracts” — but that doesn’t mean that all NFTs are.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
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