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Dapper Labs Raises $18M in Token Sale for NFT-Centric Flow Blockchain
Dapper Labs has closed an $18 million token sale on the strength of its latest collectibles game, NBA Top Shot.
Dapper Labs has closed an $18 million token sale on the strength of its latest collectibles game, NBA Top Shot.
STORY CONTINUES BELOW
- The non-fungible token (NFT) maker, also known for its early success in clogging the Ethereum blockchain in 2017 with CryptoKitties, raised the latest funds on CoinList. The firm completed work on its own high-volume Flow blockchain earlier this year.
- The token sale platform announced the results of the raise on Friday, saying that 13,000 people participated in the offering from Sept. 21-Oct. 2.
- The token sale comes as interest in NFTs has perked back up, inspired by a dose of DeFi thinking.
- "The FLOW token ... is the native asset for the Flow blockchain that is used by validators, developers and users to participate in the FLOW network and earn rewards," CoinList wrote.
- Dapper Labs' flagship game, NBA Top Shot, launched in full earlier this month after clocking over $2 million in revenue in private beta.
- The startup last raised $12 million in a funding round that included Coinbase Ventures, Andreessen Horowitz and a handful of National Basketball Association stars.
Read more: Dapper’s NBA Top Shot Launches Out of Beta With Samsung Galaxy Store Deal
Zack Seward
Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast. Before that, Seward worked as a reporter covering business and technology for a pair of NPR member stations, WHYY in Philadelphia and WXXI in Rochester, New York. Seward originally hails from San Francisco and went to college at the University of Chicago. He worked at the PBS NewsHour in Washington, D.C., before attending Columbia’s Graduate School of Journalism.
