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BC venture backed companies raised $1.20 billion, equaling to the total VC raised by Ontario and Quebec companies combined ($1.24 billion)
Dapper Labs US $304 million financing is Canada s largest VC financing all time
BC cleantech and advanced agri-tech companies raised $277 million, representing 71% of All Canadian cleantech and advanced agri-tech disbursements
US investors invested $1.51 billion, accounting for 54% of the total disbursements
Investors from US, Germany, BVI, Hong Kong, and UK rounded up the top five foreign funding sources, together accounting for 67% of the total disbursements
US Private VC, US Corporate VC, US Hedge Fund, Canadian VC and Foreign Corporate VC ranked as the top five leading investor types
Legal Analysis: NFT Lawsuit Alleges Sale of NBA Top Shot Moments by Dapper Labs Violates Securities Laws
A newly filed lawsuit alleges that the sale of
NBA Top Shot “Moments” is in violation of the federal
Securities Act of 1933, which is a law that aims to ensure investor protection when acquiring publicly-traded securities.
Michael McCann and
Jacob Feldman from
Sporticonote that the Act intends to prevent fraudulent activities during the marketing of such securities.
Vancouver-headquartered Dapper Labs, a blockchain startup that has teamed up with NBA, and its Chief Executive,
Roham Gharegozlou, have been accused of marketing and selling unregistered securities. The firm has put forward its own set of defenses that it may present in any upcoming court filings.
A Cosmic Guide To The NFT Universe forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Blockchain blunder: NBA Top Shot, the league s NFT platform, is ripe for money laundering, one expert says - and scores of IRATE collectors are struggling to withdraw their money
The NBA and Canadian blockchain company Dapper Labs partnered to launch NBA Top Shot in 2019, offering fans the chance to buy tokenized league highlights and then sell them on a peer-to-peer market
Non-fungible tokens are units of data that are stored on a blockchain, an electronic ledger that can only be altered publicly. Unlike cryptocurrencies, NFTs are unique, which is why they re popular as collectibles
The league has already recorded $500 million in sales on NBA Top Shot, which mints and sells limited tokenized NBA highlights called moments. Several LeBron James moments have sold for over $200,000