Dapper Labs disclosed that its NFL digital collectibles platform, NFL All Day, has stopped issuing new NFTs at the primary level. However, existing collectibles can still be bought and sold on the platform's marketplace, and ownership of sold collectibles remains unaffected. The company also stated that it has signed a new licensing agreement with the NFL, and further details will be announced before the start of next season.

Stop issuing new shares

This adjustment means that NFL All Day will no longer be creating new Moments. Existing collections on the platform will remain available, and the secondary market will continue to operate. Dapper Labs CEO Roham Gharegozlou stated that the company is moving into the next phase of its NFL digital collectibles business, but will temporarily halt new supply.

The company also proposed two arrangements for existing collectors, including giving them a "Founding Collector" label and offering a 5% refund on their Dapper balance. However, this refund requires users to hold the relevant collectible for at least one year after purchase to unlock it.

Market trading volume increased in the short term.

Following the announcement, trading volume on the platform surged. According to CryptoSlam data, prior to the announcement, NFL All Day trading volume had only exceeded $10,000 once. By Wednesday, the platform's trading volume approached $32,000; and as of Thursday's press time, the daily trading volume had surpassed $53,000.

The number of sellers has also increased. Last week, the number of independent sellers on the platform was less than 100 per day, but on Thursday it rose to more than 400, indicating that some collectors are adjusting their holdings.

Collectors question the handling of order placements

However, the platform's announcement also sparked discontent among some users. Some collectors claimed that after the announcement, existing listings continued to be traded, with these prices based on the expectation that the platform would continue operating as usual. Some stated that they still purchased collectibles worth hundreds of dollars after the announcement, based on existing price transactions.

These feedbacks primarily focus on the market's failure to simultaneously suspend order placement and pricing mechanisms, causing some users to only realize the trading conditions had changed after the news had been released. Dapper Labs has not yet provided further public clarification on this matter.

New plans are yet to be disclosed.

Currently, Dapper Labs has not released specific details about the future product form of NFL All Day, only stating that it is accelerating the next evolution of its NFL digital collectibles business. Based on its current statements, the company has not ended its partnership with the NFL, but is preparing to adjust its product direction under a new licensing framework.

Additional information:Dapper Labs is also the developer of NBA Top Shot, and the related digital collection infrastructure is provided by Flow Blockchain.