Flow Blockchain – NBA Players, Samsung, Coinbase, Dapper Labs Investment –
Listen to article
Dapper Labs Flow Blockchain
Funds will be used to scale the Flow blockchain and deliver previously announced collaborations with Dr. Seuss, Warner Music, and UFC.
Dapper Labs’ new funding comes on the heels of the company’s early success with NBA Top Shot, a new flagship application
“Crypto enables entirely new possibilities for people to create and exchange value on the internet.”
“Flow is a new and easy to use blockchain that lowers barriers to entry and lets anyone join this new digital economy. The funding from this round will ensure Flow can scale to the size of projects appealing to fan bases as vibrant and demanding as the NBA and our other partner brands including Dr. Seuss, UFC, and Warner Music. Flow lets fans join the economy of their passions in a way that wasn’t possible before crypto.”
Roham Gharegozlou, founder and CEO of Dapper Labs.
In conjunction with its new funding, Dapper Labs also announced initial results from its first phase of beta testing for NBA Top Shot, its upcoming flagship title developed for the Flow blockchain.
The first 500 players on NBA Top Shot have spent thousands of hours opening packs, trading moments, and completing collections together.
“Blockchain technology has the potential to revolutionize consumer ownership on the internet,” said Andre Iguodala, a three-time NBA champion, tech entrepreneur, and current Miami Heat forward. “Projects like Dapper Labs’ Flow is already driving consumer adoption, with NBA Top Shot proving the experience is not only engaging but smooth and fan-friendly.”
As fans enter into the Top Shot universe, they are instantly immersed into a world where they can discover great plays, open surprise packs of “top shots” or the best plays of the season, show off their epic collections, and trade their assets with their peers to complete sets and win challenges. New invitations to the beta are being released in waves and interested parties may sign up on nbatopshot.com, and then visit discord.gg/nbatopshot to request early access.
“Blockchain is going to fundamentally alter the financial industry and have a major impact on consumers,”
“Flow can create the vehicle for consumers to enter the space through products like NBA Top Shot where they have fun, but at the same time create a new self-sovereignty.”
Spencer Dinwiddie, Point Guard on the Brooklyn Nets.
Besides providing the stability and scalability necessary for blockchain products to support mass-market adoption, Flow also provides payment rails for credit cards and cryptocurrency for consumers to use with ease.
Other new investors in this round include:
Valor Capital Group
North Island Ventures
L1 Digital AG
Existing investors participating include:
Andreessen Horowitz including their Cultural Leadership Fund
Union Square Ventures