The Vancouver-based maker of NBA Top Shot has become the first company to register to lobby Congress on issues related to the collectible digital assets. (Politico)
Talking point: With regulators increasingly paying attention to the blockchain, crypto companies have been making a major U.S. lobbying push. Prominent Silicon Valley venture capital firm Andreessen Horowitz, which has announced three crypto funds totalling US$3.1 billion, reportedly sent executives to Washington in October to push their vision of how the sector should be overseen. Coinbase has proposed a special crypto regulator, after cancelling a planned lending project amid regulatory pushback. Blockchain technology makes it possible to financialize NFTs in various ways that are not possible with real-world collectibles, such as by fractionalizing them to trade. As lawmakers sort out how to regulate this, Dapper—last valued at US$7.6 billion in September—is making sure they’ll hear its perspective.