NBA Top Shot Firm Dapper Labs Raising Funds at $7.5B+ Valuation: Report
Just a few weeks after after raising funds at a reported $2.6 billion valuation, Dapper Labs, responsible for the high-flying digital collectibles platform NBA Top Shot, is raising more money but is now being valued at more than $7.5 billion , according to The Information.
- Citing a person with direct knowledge of the talks, the report said the new round is being led by Coatue Management, which led the previous round. Coatue is led by billionaire investor Philippe Laffont.
- Three-year old Dapper’s value is exploding along with the demand for non-fungible tokens (NFTs).
- Andreessen Horowitz, one of the backers of Coinbase, is a backer of Dapper, the report noted.
Recommended News
-
Bitbase The rising star of the blockchain trading platform track
The digital economy is an intelligent stage characterized by the deep mining and integrated application of blockchain, artificial intelligence and big data. In the face of new social conditions, the digital economy is booming, giving full play to the benefits of technological innovation and changing the current technology The way of application is to give play to the empowering role of technology to society. Under the wave of blockchain technology, the breakthrough in the financial field is epoch-making. Various forms of “blockchain+” applications have been launched. Blockchain technology has accelerated…
03/23/2021 -
Mix of Old, Wrong and Dubious ‘News’ Scares Rookie Investors, Fuels Crypto Selloff
Call it the recipe for perfect market meltdown: Take a dubious tweet about an unconfirmed U.S. investigation of financial institutions using crypto to launder money, a report that doesn’t appear to have come from Bloomberg, Dow Jones, Reuters or any other reputable news service. Take that tweet and sprinkle it throughout the cryptoverse. Shake vigorously. Add a new CNBC tweet about a month-old Reuters report regarding a coming crypto ban in India. Let marinate until fully absorbed, about 30 minutes. Next fold in several (now-deleted) tweets that incorrectly implied that the Coinbase CEO had sold…
04/18/2021 -
Wan Wu Chao Sheng and Artist Chunren Jointly issue NFT Digital Art, Helping the Creator Economy
My artistic view is that my creation must spread “truth, goodness and beauty”. I want it to be full of “innocence” and “empathy” because those bring people heartfelt fulfillment. –Famous artist Chunren The Internet, which was born in 1969, has been changing the world around us, and has opened up a new era of creator economy. Everyone can become a creator and upload their own content through the Internet. In the past two decades, the Internet has maintained rapid development, and Web2 content platforms such as Facebook, Youtube, and Instagram…
03/13/2022 -
While current top GameFi’s users are leaving the game,where will they go next? METAEASE rises as a game changer!
The natural anti-monopoly attributes, ultra-high topicality and liquidity nature of GameFi make it an object of pursuit for the rich. The sector as a whole remained on a downward trend this week, with the overall decline in the sector being severe, the trading volumes are maintaining a downward trend and the number of users is also falling to varying degrees. There is no doubt that the GameFi industry is in a downturn, the unprecedented market environment and the fall of many socialites are undoubtedly a big blow to the market. While the overall…
01/03/2022 -
Tesla’s Elon Musk Wants Coinbase to Become DOGE-Friendly
Tesla CEO and unabashed dogecoin fan Elon Musk wants the Coinbase exchange to end its “No DOGE Allowed” policy and list the meme-based cryptocurrency. Musk tweeted an exclamatory “Yes” on Saturday after a Twitter user asked the billionaire investor whether Coinbase should enable the Shiba Inu-represented cryptocurrency on its platform. Musk’s Twitter reply.Source: https://twitter.com/elonmusk/status/1370557948494233604 A listing on Coinbase would expose dogecoin to a whole new breed of investor and thus unleash its potential. That’s because the U.S.-regulated exchange is considered synonymous with institutional investors and high net worth individuals. Tesla bought bitcoin worth $1.5 billion…
03/14/2021 -
NEWXX will jointly release NFT with a well-known design DAO.Contribute to the ecologically sound development
According to the official news, NEWXX Foundation will jointly issue NFT with famous design DAO in limited quantity, and users who get NXX-NFT can collect, auction or pledge NFT to get more NXX revenue. NEWXX Foundation and its partners around the world have been adhering to the core values of value investment and long-term and robust development strategy. In the period of crypto asset downturn and turbulence, the platform operates a robust and unique non-loss mining mechanism through its core technology to empower more users to maintain their mainstream crypto…
07/05/2022 -
Come to Coinbetter to share 10,000 ZTB airdrop benefits
In order to give back to the new and old users of the platform, Coinbetter has started the registration transaction sending activity from 00:00 on March 22nd, 2022 to 00:00 on March 25th, 2022. As can be seen from the Coinbetter announcement, there are two forms of airdrops for 10,000 ZTB benefits. It is understood that the airdrop token ZTB is the only dedicated crypto token of the ZSC smart chain, with a limited total of 210 million pieces and will never have additional coins issued. According to…
03/22/2022 -
US Senate Approves $1.9T Stimulus Plan; Measure Now Returns to the House
The Senate passed President Joe Biden’s $1.9 trillion Covid 19 relief package Saturday, a possible positive development for cryptocurrencies. The measure, which was passed by a 50-49 party-line vote, now heads back to the House, which would have to approve Senate changes to the package before it can head to the president for signing. The House is expected to take up the measure next week, according to The Wall Street Journal. The legislation would provide $300 in weekly unemployment benefits through early September, send $1,400 payments to some Americans and direct…
03/06/2021 -
NFT killer project on the horizon as capital buzzes
MGS, the world’s largest platform for online game virtual commodity traders, is creating a blockchain protocol called the Worldwide Asset eXchange (MGS). It can be used for an unlimited number of trading platforms controlled by individuals or small business owners to buy, sell and trade virtual goods with just a few clicks. The MGS platform offers the opportunity to trade virtual goods using global tokens while de-neutralising transactions as a virtual property trading platform. Combined with a distributed trust mechanism and a reliable and preferential settlement network, this repository…
Business 05/10/2021 -
IPFS Mining Tides, MEM Middle East Mining will build one of the world’s largest information storage service industrial parks
According to the Middle East News Agency, nine consortia including Saudi Sidra Capital, Olayan, Abu Dhabi’s sovereign wealth fund and UAE real estate company Al Ain Properties have jointly created a MEM-IPFS storage service industrial park, which can be called one of the world’s largest information storage service industrial parks. It is understood that MEM Middle East Mining was jointly built by nine consortia including Saudi Sidra Capital, Olayaan, Abu Dhabi sovereign wealth fund, and UAE real estate company Al Ain Properties, with a total investment of US$800 million…
05/18/2021