The case against Dapper Labs, the NFT giant that built a bespoke blockchain, could open up a can of worms for crypto platforms using native tokens and built on private networks, ArtSwap founder Paul Paray argues. Opinion.
, “The allegations that Dapper Labs created and maintains a private blockchain is fundamental to the Court’s conclusion.” .
In particular, Judge Marrero is concerned that Dapper Labs restricts the trading of Moments to the Flow blockchain, a network built by Dapper as a faster and cheaper alternative to Ethereum. While this raises questions about profits and transaction fees, the judge also argues that, on a technical level, “by privatizing the blockchain” Moments “purchasers must rely on Dapper Labs’s expertise and managerial efforts as well as its continued success and existence.
For example, unique items such as artwork more typically sold on an individual basis would not easily square with this ruling. It also raises potential concerns about NFT creators who partner with firms like Dapper to market and host their work. Judge Marrero actually addresses this issue when responding to Dapper’s motion to dismiss
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
CIF champions in wrestling, soccer, hoops make up San Diego's athletes of the weekJurian Dixon, Saints dunks way to Open Division championship; wrestler helps Brawley High School make history
Leer más »
NBA Top Shot CEO’s decadent lifestyle, ‘public shaming’ led to toxic culture as Dapper flailsDapper Labs CEO Roham Gharegozlou's spending on luxury travel and courting of celebrities while “bullying” and “public shaming” his employees is said to have stoked a toxic company culture at the NFT startup he co-founded.
Leer más »
Yuga Labs Announces Generative Ordinals NFT Collection on Bitcoin Blockchain.yugalabs is tapping into the Ordinals Protocol, releasing a generative art NFT collection on the Bitcoin network. camgthompson reports
Leer más »
Yuga Labs drops bitcoin-based NFT collection TwelveFoldThe NFTs will use the Ordinal Theory protocol.
Leer más »