US Appeals Court Reverses $9M NFT Judgment Sends Case Back for Trial on Consumer Confusion
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最新报道：A U.S. appeals court overturned a $9 million judgment against NFT platform Dapper Labs in a class-action lawsuit alleging securities violations, ruling the case must go to trial to determine if NBA Top Shot Moments NFTs qualify as securities. The Second Circuit Court found the lower court erred in dismissing claims that Dapper Labs' Flow blockchain created a "closed ecosystem" that could constitute an investment contract under Howey Test criteria. While acknowledging NFTs as unique digital assets, the court noted consumer confusion about whether they're collectibles or investments warrants further examination. The decision revives the lawsuit and sets potential precedent for how U.S. courts evaluate NFT projects under securities law.
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