Decentralizing Dapper Labs’ NFT Ecosystem
Final February, a federal decide dominated that the case may proceed, noting that NBA High Shot NFTs are hosted on Circulate, a blockchain developed by Dapper Labs. The decide deemed Circulate as a “personal” blockchain, not like extra decentralized networks like Bitcoin or Ethereum.
In response to the lawsuit, Dapper Labs has made modifications to decentralize its operations. As a part of the settlement, the corporate had relinquished possession of all $FLOW tokens meant for the Ecosystem Reserve to the unbiased Circulate Basis.
Dapper Labs had already addressed different calls for, akin to permitting third-party marketplaces to commerce High Shot NFTs.
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