Dapper Labs, the company behind NBA Top Shot and the Flow blockchain, has raised $250 million in new capital.
Existing investors a16z, GV (previously Google Ventures). Also, Version One Ventures, as well as new investors BOND and GIC, have joined the latest round led by Coatue. As well as its marquee titles such as NBA Top Shot. NBA Top shot is one of the world’s fastest-growing marketplaces and the consumer-facing Flow blockchain.
Web 3.0 is one of the most interesting things we’ve seen in over 20 years, according to Dan Rose, Chairman of Coatue Ventures. With Flow blockchain and NBA TopShot, we believe Dapper Labs is a frontrunner in the field at the infrastructure level.
Roham’s strong leadership and vision continue to excite us. We cannot wait to be working with him and the rest of the dapper team.
According to Mary Meeker, General Partner of BOND, blockchain, and crypto are critical underpinnings for the next phase of technological growth.
Dapper Labs’ Growth
Dapper Labs is leading the way with the breakthrough Flow platform. It features NBA Top Shot and a compelling pipeline of goods to come. It’s an excitement to be a part of Roham and the team’s adventure – and its subsequent versions.
For the past year, Dapper Labs has been growing at an exponential rate. With over $780 million in collectibles sold, over 1.1 million registered accounts, over 48 percent of whom own at least one moment, and over 13 million transactions in 2021, while still in open Beta, the company’s best-selling NBA Top Shot grew 30 times.
Dapper Labs is rapidly expanding. But we’re only touching the surface of what this new technology can accomplish for individuals. This is according to Roham Gharegozlou, CEO.
We’re excited to collaborate with our incredible investors to scale NBA Top Shot and launch our next games, as well as to fully realize the open ecosystem built on Flow.
FLOW has also emerged as a go-to destination for over 3,000 developers, artists, creators, and brands looking to build their own blockchain-based experiences and communities in an environmentally sustainable way, thanks to the launch of industry-leading features designed to easily onboard consumers and provide a world-class experience with blockchain technology.
Google Cloud was recently announced as Flow’s cloud provider. It joined forces with the platform to help drive the next wave of mainstream NFT adoption.
FLOW will host fan and league-driven experiences from Dapper Labs later this year and early next year, including LaLiga. Its revelation took place today. As well as support soon-to-be-released experiences from UFC, Genies, Warner Music Group, and others.
Dapper Labs will use the fresh funds to continue to scale and support important new brand-driven sports, entertainment, and applications that will launch on the Flow blockchain.
About Dapper Labs
NBA Top Shot and the Flow blockchain creators are utilizing blockchain technology to give NFTs and new forms of digital engagement to NBA fans all across the world.
Since its start in 2018, Dapper Labs has provided consumer fans with a meaningful stake in the game. It brings them closer to the brands they love. Further allowing them to contribute to engaged and fascinating communities, and empowering them to become innovators.
The NBA, NBPA, WNBA, WNBPA, LaLiga, Warner Music Group, Ubisoft, Genies, and the UFC are among Dapper Labs’ current studio partners.
Andreessen Horowitz, Coatue, Union Square Ventures, Venrock, BOND, GIC, Google Ventures (GV), Samsung, and the creators of Dreamworks, Reddit, Coinbase, Zynga, and AngelList are among the investors in Dapper Labs.
Visit dapperlabs.com for more information about Dapper Labs’ products and mission.
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