As Dapper Labs introduces NFTs to the discussion, new consequences on upcoming crypto regulations emerge.
Dapper Labs, situated in Vancouver, provides a multitude of the nonfungible token (NFT)-based products and DApps. CryptoKitties, a game in which players can produce and rear NFT kittens, and Cheeze Wizards, a tournament series in which collectible characters combat each other. Dapper Labs also has a partnership with the NBA and is in charge of Top Shot, an NFT marketplace where basketball clips are sold. Shortly, the UFC has collaborated with Dapper Labs to provide a comparable service.
Dapper Labs has hired Crossroads Strategies as its lobbying company, according to the report. The firm stated that it would push for "Policy related to NFTs, blockchain and financial services."In November 2021, Dapper Labs appointed Alison Kutler as its new head of government affairs, in addition to hiring a lobbying company. From June 2015 to April 2017, Kutler served as the head of the Consumer and Governmental Affairs Bureau and a key advisor to the FCC chairman.
According to public reports released the day after Dapper Labs' official registration on Tuesday, January 4, 2022, Kutler has also subsequently registered to lobby on its behalf.
Dapper Labs did not disclose much about its plans, but according to their representative, Rachel Rogers, the company intends to encourage "education and mainstream adoption of Web3."
Lobbyists are enthusiastic about future strategies as NFTs become more integrated into the prevalent culture. However, lobbyists and lawmakers will have to proceed cautiously to confront the impact of blockchain technology on future laws.
On Jan. 3, 2022, Dapper Labs became the first NFT firm to publicly register to lobby the US government via public disclosure. This is presently being played out as several prominent figures from the crypto sector go to Congress to describe the latest technology and, ideally, influence new regulations.