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.

We are thrilled to take part in @dapperlabs new $ 305 million funding round via our crypto and growth funds. Their Flow blockchain and new marquee application, NBA Top Shot, are taking NFTs and blockchain gaming mainstream.

From @cdixon & @ DavidGeorge83 : https://t.co/fN1h7k0NKD– a16z (@ a16z) 

March 30, 2021

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.

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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