CNN, Turner Sports, Speedway Motorsports, and the University of Miami have all enlisted the help of GigLabs. It will build NFT projects on the Flow blockchain.
Dapper Labs and Panoramic Ventures led a $4.5 million seed round for GigLabs. Specifically, it is a blockchain startup that helps companies like CNN and Turner Sports bring their IP to life via non-fungible tokens or NFTs. Collab+Currency, Red Beard Ventures, Eterna Capital, Alumni Venture Group, Gaingels, and Amino Capital are among the other investors who participated in the round.
The caliber and diversity of investors in this round reflect widespread support for GigLabs’ goal of becoming the top infrastructure provider for brands, creators, and collectors to create unforgettable experiences using NFTs.
Douglas Dimola, CEO and co-founder of GigLabs, believes that every brand will have an NFT strategy in the future. This money will allow us to increase our team’s talent in order to continue extending our services to satisfy current and future demand, as well as collaborate with the best and brightest partners to advance this innovative innovation.
With billions in trading and sales volume, NFTs have grown in popularity. As NFTs become more mainstream, with major sports leagues, media outlets, and prestige auction houses participating in projects, brands increasingly interest in getting involved. But they need dependable partners to help them navigate the significant technical complexities of integrating NFT projects into enterprise-level organizations.
GigLabs and NFTs
Customers can access emerging Web3 technologies. Thanks to GigLabs’ technology, which some of the largest brands in entertainment backs.
Brands and creators can use GigLabs’ solutions to establish new NFT initiatives with branded stores and marketplaces, as well as metaverse experiences for their communities.
In addition, GigLabs was the first to use a QR code to transfer NFTs to fans during live events.
Through NFTs that live on the Flow blockchain, GigLabs’ platform allows business brands to build long-term connections with consumers and offer customized and personalized experiences.
CNN, Turner Sports, Bleacher Report, Speedway Motorsports’ RaceDay NFT—the first-ever NASCAR-related NFT, University of Miami’s Canes Vault, Athletes Unlimited, and others are among the GigLabs platform’s major brand partners.
This round of funding will help the company to expand its personnel and scale in order to increase client growth.
GigLabs has created a number of solutions to help companies not only enter the world of NFTs. But also to give onramps into a much larger metaverse. NFT Bridge, for example, is a white-labeled solution. It allows brands and artists to establish customized NFT marketplaces on their own websites.
The platform also features a solution that allows fans to claim NFTs. They can have ease using a QR code while attending live events. This is acreative method to combine physical and virtual fandom.
RareRooms is a 3D/VR-enabled metaverse by GigLabs that allows collectors to curate and showcase their NFTs as well as brands to have beautiful virtual stores and customizable settings that allow their followers to fully experience their NFTs. Nearly 10,000 RareRooms have been constructed to showcase collectors’ handpicked sets of NFTs.
Developers founded GigLabs in 2017 with the goal of empowering marketers, producers, and collectors to create unique NFT experiences.
The company collaborates with brands, agencies, and creators. They aim to develop simple tools for creating, minting, and selling NFTs. NFTs that display in completely configurable brand experiences on the web and in virtual reality.
The API-driven NFT Bridge platform is developed by GigLabs’ team of experienced blockchain engineers and NFT aficionados. It provides flexible and scalable NFT tools that enable any brand to create any NFT experience.
RareRooms is GigLabs’ customized 3D immersive metaverse for presenting NFTs across many blockchains, including digital treasures, art, and more.
The Dapper Labs
Dapper Labs, the creators of NBA Top Shot and the Flow blockchain is using blockchain technology. It provides NFTs and new types of digital engagement to fans all over the world.
It offered to consumer fans a genuine stake in the game since its inception in 2018. Bringing them closer to the brands they love. Enabling them to contribute to engaged and fascinating communities. Lastly, empowering them to become creators themselves.
Specifically, the NBA, NBPA, WNBA, WNBPA, LaLiga, Warner Music Group, Ubisoft, Genies, and UFC are among the current studio partners of Dapper Labs. Andreessen Horowitz, Coatue, Union Square Ventures, Venrock, BOND, GIC, Google Ventures (GV), Samsung, and the founders of Dreamworks, Reddit, Coinbase, Zynga, and AngelList are among those who have invested in Dapper Labs.
Visit dapperlabs.com to learn more about the company’s products and mission.
The Panoramic Ventures
Panoramic Ventures is an Atlanta-based venture capital firm that focuses on diverse founders and university startups while targeting the Southeast and Midwest.
Panoramic opens new doors for underserved founders, allowing more entrepreneurs to access capital to build leading technology companies.
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