Dapper Labs, the company behind NBA Top Shot and NFL All Day, announced on Wednesday that it will cease creating new football collectibles for its licensed NFL platform. The decision does not affect existing NFTs, which can still be bought and sold on the marketplace. CEO Roham Gharegozlou stated that a new licensing agreement with the NFL has been signed, with details to be shared closer to the next season. The firm introduced two initiatives for collectors: a 'Founding Collector' label and a 5% Dapper balance rebate on purchases if held for a year. The announcement sparked criticism from collectors who claimed their active offers were accepted post-announcement, leading to losses. Sales volume surged, with over $53,000 transacted on Thursday compared to typical volumes below $10,000. Unique sellers jumped from under 100 to over 400, indicating a sell-off. Dapper Labs emphasized its commitment to digital goods with cultural value but faced backlash over the timing of the announcement relative to marketplace operations.

Key facts

• Dapper Labs stops primary issuance for NFL All Day NFTs; existing collectibles remain tradeable.
• New licensing deal signed with NFL; details to be announced before next season.
• Collectors criticize after their offers were accepted following the announcement, causing losses.
• Marketplace sales volume surged to $53,000 on Thursday from under $10,000 previously.
• Unique sellers increased from under 100 to over 400, indicating a sell-off.