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The astronomical rise and downfall of Non-Fungible Tokens ("NFTs") have led to many legal uncertainties surrounding these blockchain-based digital assets. While some leagues, teams, and players have launched their own NFT projects to enhance the fan experience, such as digital commemorative tickets or access to fan communities, a few NFT projects have been caught in the legal crossfire. One of those companies tied up in a lawsuit is Dapper Labs, which has licensing deals with the NBA, NFL, and UFC. Read more about Dapper Labs' NBA Top Shot lawsuit here.
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