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NBA Top Shot NFT Platform Developers Raise $ 305 Million From Michael Jordan And Other Investors

The Dapper Labs project, which is behind the development of a blockchain ecosystem for fast dapps, has closed a $ 305 million round of funding with NBA stars and venture capitalists.

The round was led by investment company Coatue. He was joined by NBA legend Michael Jordan, basketball player Kevin Durant, Sound Ventures Ashton Kutcher and Guy Osiri, Dreamers VC actor Will Smith, rapper 2Chainz, and a number of other investors.

Venture capital firm Andreessen Horowitz has also participated in funding through crypto and growth funds.

According to USA Today, investors valued the project at $ 2.6 billion.

Dapper Labs is best known for playing CryptoKitties. In 2018, the company raised $ 15 million from Google, Samsung and Andreessen Horowitz.

In 2019, the project raised $ 11.2 million to create the Flow blockchain. The team also partnered with the NBA, the UFC’s fighting organization, Dr. Suess and Warner Music Group.

The first game on the Flow blockchain was NBA Top Shot. It resembles CryptoKitties, but instead of kittens, users collect non-fungible NBA Moments tokens.

What is NFT?

Previously, rapper LL Cool J, billionaire Paul Tudor Jones, ex-CEO of PepsiCo Indra Nooyi and SoFi head Anthony Noto invested in a new cryptocurrency venture fund with assets of $ 72 million. He invested in Dapper Labs, Nori and Axelar projects.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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