Dapper Labs Became The First NFT Company To Lobby With US Govt

Dapper Labs became the first NFT company to register to lobby with the US government as we read further in our blockchain latest news.

DApper joins the growing list of companies n the crypto industry that plan to change the rules and impact new policies. Dapper Labs became the first NFT company that got registered to lobby with the US government. The company is mostly known as the maker of NBA Top Shot that allows users to buy digital cards whcih represent NBA players and moments. The users can buy and sell some of the cards to other players and the value of these digital collectibles can go up and down over time based on the athlete and the performance as well as market movement. Dapper Labs partnered with sports organizations such as La Liga, UFC and now works on an NFL product.

With the tax season around the corner and the increased governemnt chatter about crypto worldwide, a lot of people in the crypto world are seeing heavy regulations and policies in the US. According to the reports this week, Dapper Labs recruited Crossroads Strategies as their lobbying company. The company also aid they strive to promote education and mainstream adoption of Web3. The emerging reports stated that Dapper will lobby for policy-related NFTs blockchain services and more. It also recruited Alison Kutler as the new head of governemnt affairs back in November as the former chief of the Consumer and Government Affairs Bureau and special advisor to the FCC from 2015 and 2017.

The company is stepping into new territory as they become one of the first to make the push towards working with a clear understanding of everything. Other crypto groups took a similar stance with the US government as well though without listing NFTs as a subject matter on which they would lobby. Many federal officials have no clue who Dapper Labs is but this move will start the strong push to get broader governments on board with crypto, blockchain, NFT, and more. Some even argue that governments addressing crypto goes against their core principles of crypto.