Key Takeaways
- Dapper Labs has introduced that it has raised $250 million, seemingly bringing its present valuation past $7.75 billion.
- The non-fungible token company is best known for its CryptoKitties and NBA Top Shots series of collectibles.
- At the moment it additionally introduced a partnership with LaLiga and hinted at new partnerships with UFC and Warner Music Group.
The Vancouver-based blockchain company Dapper Labs has raised $250 million, according to a press release.
$250 Million Raised by Dapper Labs
A number of funding companies participated in Dapper Labs’ newest funding spherical, together with Coatue, a16z, GV (previously Google Ventures), Model One Ventures, BOND, and GIC.
In April, the firm was valued at over $7.5 billion. As such, this fundraising spherical may elevate that quantity past $7.75 billion.
Dapper Labs CEO Roham Gharegozlou said that the firm is “just scratching the surface of what this new technology can do for people.” He added that investments will assist the agency scale its present merchandise and launch future product traces.
Today’s fundraiser comes just as the company announced a partnership with the Spanish pro football organization LaLiga. It’ll create a sequence of NFTs that includes movies of memorable moments from the game, just like its earlier NBA High Pictures product line.
Dapper Labs Hints at New Partnerships
Dapper Labs is best known for CryptoKitties, one of the first series of NFT collectibles minted on Ethereum in 2017.
Extra not too long ago, it has gained consideration due to its manufacturing of the NBA High Pictures sequence. The company says the market for these collectibles grew by a factor of 30 this year, with more than $780 million of items bought and sold.
At the moment’s press launch additionally hinted at new partnerships with family names comparable to UFC and Warner Music Group, in addition to a partnership with the digital avatar firm Genies.
The company’s Flow blockchain underlies many of its blockchain efforts. Movement is powered by Google Cloud, and over 3,000 content material creators have begun to work on the platform.
