Leading Non-fungible token firm Dapper Labs has stopped payment services for NFT owners in Russia, citing the European Union’s new sanctions on the warring country.
According to a blog post by the firm, its users in Russia would only be able to view their NFTs and no longer be able to carry out transactions using their Dapper wallet.
It added that users affected by the sanction would still have ownership of their NFTs and funds but will not be able to move them or use them for any purpose.
The move is tied to the EU’s new decision to tighten its noose on Russian crypto wallets, custody providers, accounts, and service providers.
According to the union, its new wave of sanctions is designed to deter Russia’s continued invasion of Ukraine.
Dapper Labs is the NFT firm behind popular collections like CryptoKitties and NBA Top Shots.
Mixed reactions greet Dapper Labs’ announcement
The crypto community’s reaction to the move has
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