Dapper Labs Value Triples Within 6 months To $7.6 Billion Help Of Global Investment

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Dapper labs as just landed another funding of $250 million, by global investment manager Coatue.

Dapper labs best know for National Basketball Association’s (NBA) Top Shot digital collectibles and creators of Cytrokittens have now tripled there value in 6 months. Back in march the Canadian Firm was valued at $2.6 Billion and now valued at $7.6 Billion

New investors in Dapper Labs’ latest funding round include technology investment firm Bond and Singapore’s sovereign wealth fund GIC. Existing investors Andreessen Horowitz (a16z), GV (formerly Google Ventures) and Version One Ventures also participated.

Flow is a blockchain designed to support a new generation of games, apps, and the digital assets behind them, described as fast, decentralised, and developer-friendly by Dapper Labs as a ‘fast, decentralized, and developer-friendly blockchain’.

“Dapper Labs is growing quickly but we’re just scratching the surface of what this new technology can do for people,” said Roham Gharegozlou (pictured above), chief executive of Dapper Labs.

“We’re excited to partner with our incredible investors to scale NBA Top Shot and launch our upcoming titles as well as unlock the potential of the open ecosystem building on Flow.”

Coatue chairman, Dan Rose, added: “We think Dapper Labs is a leader in the space at the infrastructure level with the Flow blockchain and at the application layer with NBA Top Shot. We continue to be impressed by Roham’s strong leadership and vision and we could not be more proud to partner with him and the entire team at Dapper.”

Dapper Labs has also secured a deal with one the worlds largest soccer league La Liga to create non-fungible tokens (NFTs). These include global name teams such as Barcelona and Real Madrid.

La Liga’s NFTs, which are launching on the Flow blockchain next summer, will be similar to those of NBA Top Shot, which includes revenue sharing for secondary market transactions.

Original Post HERE

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