Dapper Labs Gets Final OK for $4 Million NFT Securities Accord

Dapper Labs Inc.'s agreement to pay holders of its Top Shot nonfungible tokens $4 million is fair and reasonable, a federal court said in granting final approval to the securities class settlement.

Judge Victor Marrero of the US District Court for the Southern District of New York also approved attorneys’ fees of one-third of the settlement fund, about $1.3 million, in an order Monday. Marrero preliminarily approved the settlement in June.

• The token holders alleged the National Basketball Association’s Top Shot Moments—video clips of highlights from NBA games—were securities and should have been registered
• A decision by Marrero in ...