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Sequoia resigns from Citizen's board, IPO window opens, chaos at Dapper Labs | E1691
This Week in Startups
Dapper Labs Motion to Dismiss a Securities Liability Litigation
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Dapper labs is being sued over whether they sold top shot NFTs as unregistered securities. Judge Victor Marrero of the Southern District of New York denied the request and then published a 64 page opinion that went through the four part how we test to determine if something is a security. The judge did not say outright that these NFTs were securities, but he did say they fulfilled three of the four parts.
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