They use ZK rollups to lower transaction fees.ĭapper Labs and Sorare will soon compete for the same player base. Sorare currently focuses on fantasy football (soccer) and uses the Ethereum blockchain for its NFT platform. We continue to be impressed by Roham’s strong leadership and vision and we could not be more proud to partner with him and the entire team at Dapper,” Coatue Ventures Chairman Dan Rose said in a statement.Īnd this is an interesting statement, as Sorare raised $680 million at a $4.3 billion valuation just a few days ago. “We think Dapper Labs is a leader in the space at the infrastructure level with the Flow blockchain and at the application layer with NBA Top Shot. Dapper Labs has developed Flow, a new blockchain built for scalability and practical use cases, such as NBA Top Shot. Each digital card is registered as a unique token on a blockchain. The platform is based on NFTs, or non-fungible tokens. The value of these digital collectibles can go up and down over time. They can then buy and sell some of their cards to other players. Users can buy digital cards that represent NBA players and moments. ![]() ![]() Some new investors are also joining the round, such as BOND and GIC.ĭapper Labs is better known as the maker of NBA Top Shot. According to a source close to the company, today’s funding round values the company at $7.6 billion.Įxisting investors Andreessen Horowitz, GV and Version One Ventures are investing once again. Dapper Labs, the company behind popular fantasy basketball NFT game NBA Top Shot, has raised another $250 million in funding.
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