Quentin Bee

Great news! We @dapperlabs today announced a legal resolution that reaffirms two of our most important positions: After discovery, it was understood and agreed that @Flow_blockchain is a decentralized public network and that digital collectibles like @NBATopShot are not securities in the same way trading cards are not securities. These were the main allegations we wanted to prove, and continuing to litigate would have been a distraction from our core mission. The settlement also involves Dapper Labs reaffirming its commitment to the decentralization of Flow, as well as confirming the full transfer of all $FLOW coins as part of the ecosystem development reserve to the Flow Foundation. Dapper Labs can, does, and will continue to be a major holder of $FLOW and a major builder in the Flow ecosystem. The future of our products is fully open and composable, letting owners do anything they want with their assets and letting developers build new and innovative experiences without traditional limits. This includes working alongside the existing third-party platforms we all know and love including @fancraze, @aisportspro, @ownthemoment, @flowty_io, and others 🤝 Today’s resolution lets us stay focused on what matters – building great experiences for our fans. On this front, we have the best team we’ve ever had, and we are firing on all cylinders: - Our newest game, Fast Break, is now available for both NBA and WNBA on all platforms. Play every day and win awesome prizes 🔥 - The NBA Top Shot mobile marketplace is available in-app and almost ready for primetime – I think it's the slickest most mainstream-ready peer-to-peer marketplace in this space 💪 – Disney Pinnacle just ran its first in-app trading event, powered by @evaluatexyz, and it was one of the most exciting grassroots events we’ve seen in Web 3. Stay tuned for what’s next 👀 Leading up to the Flow Crescendo network upgrade this July, I expect Dapper will roll out account linking to everyone by default, letting users easily go from their custodial Dapper wallets, which keep them safe and allow for easy onboarding, into the non-custodial wallet world. In this new world, developers can build anything they want, permissionlessly, whilst users can still benefit from the security and ease of a custodial account 🔐 We believe this pattern will be the future of how consumer crypto apps will be built –– easy onboarding without sacrificing true ownership, openness, or composability. Or access to value-creation and earning opportunities only possible in the non-custodial world. Beyond our win today, the future of our industry and open digital systems relies on effective communication with policymakers and regulators. Dapper Labs will continue to engage at all levels to help ensure sensible approaches to this new technology –– which ultimately is much better for both consumers and creators because of its openness, transparency, and auditability. We encourage everyone who cares about the future of the internet to support @standwithcrypto