Dapper Labs Raises Another 250M at $7.6B Valuation

Dapper Labs, creator of NFT fantasy basketball platform NBA Top Shot, raises another $250M in a funding round that closed September 21, 2021. This Vancouver-based company continues to impress and attract investors with innovation and vision. The lead investor for this round was Coatue, but existing investors Andreessen Horowitz, GV, and Version One Ventures have all increased their exposure. New investors like BOND and GIC have also joined the group. Dapper Lab&39s development of popular application-level NFT products like Top Shot and work on groundbreaking blockchain projects like Crypto Kitties have broken ground for the NFT industry and lay the tracks for future winning products.

Best known for their creations CryptoKitties and NBA Top Shot, Dapper Labs looks to expand the collectible lineup. Top Shot allows users to buy and trade blockchain-certified NFT digital representations of NBA players, and great video sports moments associated with players. Dapper Labs has just signed a new partnership with LaLiga, the Spanish football association. The circulation of these digital NFT collectibles can be controlled through minting, and as a result similar to their paper counterparts, their value is expected to increase over time.

NFT offerings like this require a blockchain to exist, and Dapper Labs proves to have the required known how to provide that as well. Building popular application-level NFTs and supplying the infrastructure to power them, amazing accomplishments indeed. Dapper Labs has developed blockchain FLOW, providing scalability, and built for practical use cases, such as NBA Top Shot. Dapper Labs expects to launch its LaLiga experience in June 2022, which no doubt will be hosted on their blockchain FLOW.

Dapper Labs has a bright future and is worthy of the confidence these investment rounds demonstrate. They lead the way in popularizing NFT as a user-friendly means to digital collecting, which to an extent replicates, and is not too far removed from hard copy trading card collecting. This statement is somewhat misleading as it could be easily said that NBA Top Shot is the superior, more engaging, and most permanent form for collecting sports "cards" and memorabilia.