ChainCatcher news, according to Decrypt, court documents released on Monday show that Dapper Labs has reached a settlement with dissatisfied customers over a years-long class action lawsuit, in which these customers claim that Top Shot NFTs were illegally offered as securities. Dapper Labs CEO Roham Gharegozlou stated that as part of the settlement, Dapper Labs will pay $4 million to the plaintiffs. This funding includes monetary relief for the plaintiffs' claims and will cover legal fees; in return, if the settlement is approved, the plaintiffs will waive any future rights to claim that Top Shot NFTs are securities.However, Dapper's co-founder added that the plaintiffs in the class action lawsuit demanded the company make "certain business changes" as a condition of the settlement. These demands have been accepted by Dapper, including the company transferring all of its held FLOW tokens to the Flow Foundation. Other demands, such as allowing third-party markets outside of Dapper to trade Top Shot NFTs, and the company's request for more timely processing of withdrawals, were resolved years ago.

ChainCatcher message, NBA Top Shot tweeted that the NBA Top Shot App is now available on the Apple Store and Google Play Store, and the availability will be limited to the 2023 NBA Playoffs. (source link)

ChainCatcher news, recently a U.S. federal judge Victor Marrero stated in court documents that NBA Top Shot Moments NFTs meet the criteria to be considered securities and rejected Dapper Labs CEO Roham Gharegozlou's motion to dismiss the lawsuit, which accuses Dapper Labs of violating securities laws by selling NBA Top Shot Moments NFTs without standard registration and disclosure.The court documents indicate that this ruling applies only to NBA Top Shot Moments NFTs and may not apply to other NFTs. Dapper Labs' control over these assets after selling NBA Top Shot Moments, as well as some marketing tweets about NFTs, suggested that these assets would appreciate in value. (The Block)

ChainCatcher news, NBA Top Shot collaborates with the NBA and its players' union (NBPA) to launch a limited edition collectible "Legendary LeBron James Anthology Moment" in honor of LeBron becoming the all-time leading scorer in NBA history, with only 99 pieces available.NBA Top Shot will take a snapshot of the top 25 collectors on LeBron's player leaderboard and airdrop the collectible, and will take another snapshot on February 17 at 4:00 to airdrop to the new top 25 users. The remaining 49 pieces will be available for all users to draw in a blind box format. (source link)