Dapper Labs, one of the most successful companies in the NFT space, has partnered with Chainalysis, a blockchain intelligence company, to increase its compliance profile in the NFT business. The company will use Chainalysis insights to have a better understanding of each one of the transactions that users make with their products and the purpose of each transaction. This will help them detect money laundering instances and market manipulation attempts.

Dapper Labs to Use Chainalysis’ Solutions to Increase Oversight

Dapper Labs, the creators of notable projects like Cryptokitties and NBA Top Shots, has partnered with Chainalysis, one of the leading blockchain intelligence companies, to increase oversight of transactions involving its products. The company is seeking to have a better understanding of what users are doing with its creations, and if these are indeed being leveraged by bad actors for illicit purposes.

NFTs have gotten a bad rap, with some members of the cryptocurrency community making allegations they are…

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Source: https://news.bitcoin.com/dapper-labs-partners-with-chainalysis-to-curb-nft-based-money-laundering/