As per a press statement, Dapper Labs, a blockchain startup located in Vancouver, has raised $250 million.
Dapper Labs raised 250 million dollars
Coatue, a16z, GV (previously Google Ventures), Version One Ventures, BOND, and GIC were among the investors in Dapper Labs’ most recent fundraising round.
The company was valued at about $7.5 billion in April. As a result, this round of funding may push that figure over $7.75 billion.
Roham Gharegozlou, CEO of Dapper Labs, stated that the company is only “exploring the possibilities of what this new technology can accomplish for people.” He went on to say that the money will help the company grow its current products and develop new ones.
The firm just established a relationship with the Spanish professional football league LaLiga, which coincides with today’s fundraising. Comparable to its previous NBA Top Shots product line, it will develop a series of NFTs showcasing footage of notable events from the sport.
Dapper Labs Teases New Collaborations
CryptoKitties, one of the first batches of NFT collectibles produced on Ethereum in 2017, is Dapper Labs’ most well-known product.
It has lately acquired popularity as a result of its creation of the NBA Top Shots series. According to the firm, the market for these collectibles expanded by a factor of 30 this year, with over $780 million worth of products acquired and sold.
New collaborations with famous companies like UFC and Warner Music Group and a relationship with the digital avatar business Genies were also indicated in the recent press statement.
Many of the firm’s blockchain activities are based on the Flow blockchain. Google Cloud enables flow, and it has already attracted over 3,000 content creators.