NBA Top Shot creator to face lawsuit around securities status

Dapper Labs, the company behind many popular NFT collectible projects, will face a lawsuit accusing it of selling unregistered securities. In particular, the company has developed popular NFT game NBA Top Shot and one of the original NFT collectible game CryptoKitties.
A class-action lawsuit was first filed against Dapper Labs in 2021. The company filed a motion to dismiss the lawsuit before trial. And yet, as Coindesk spotted, U.S. District Judge Victor Marrero denied the request, which means that the case will go forward.
If you’re not familiar with NBA Top Shot, users can go to the website

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