Thursday, December 7, 2023

Dapper Labs is the first non-fungible token company to register with the US government as a lobbyist

On Jan 3, The NFT company Dapper Labs, based in Vancouver, announced its federal registration to collaborate with the government in the United States.

The company is known for offering numerous non-fungible token-based products and Decentralized apps (Dapps). Having been partnered with the NBA, the next step was to partner with Top Shots – a highlights streaming platform. The acquisition of a partnership with the UFC also holds the promise of an identical service in the future.

The announcement mentions the recruitment of Crossroads Strategies as the lobbying firm for Dapper Labs. Their primary objective would be to lobby for Policies regarding NFTs and crypto-related financial services. It is of note that Alison Kutler was on board with Dapper Labs in November 2021 to lead their team and form alliances with the government. Formerly Chief of the CGAB (Consumer and Governmental Affairs Bureau), Kutler also served as the chairman of the FCC from June 2015 to Apr 2017. Interestingly, public disclosures posted following Dapper Labs’ official registration showed Kutler registered on behalf of Dapper Labs as well. As per their spokesperson Rachel Rogers, Dapper Labs seems to be wanting to promote education and bring web3 and the metaverse to popular consciousness.

With the advent and rapid proliferation of NFTs in mainstream culture, their impact cannot be ignored. As a consequence, lobbyists seem to be particularly optimistic about future policies. Policymakers and lobbyists will have their hands full as they continue to delve deeper into the possibilities of blockchain for future regulations and policies.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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