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
-
Galaxy’s Institutional Ethereum Funds Raise $32M at Launch – From a Select Few
Galaxy Digital’s institutional-grade ether (ETH) funds have raised over $32 million since their February launch, according to documents filed Friday with the U.S. Securities and Exchange Commission. Early returns – for an “onshore” $22 million fund and its Cayman-domiciled $10 million sibling – reveal a small but deep-pocketed clientele participated in the twin funds’ earliest days. Just five total investors have joined the funds since Galaxy unveiled them in late January. The funds debuted as ETH settled in the $1,500 range, well below highs set February when the native asset of the world computer…
03/07/2021 -
Coinbase CEO Sold $291.8M in Shares on Opening Day
Coinbase insiders and early investors sold about $5 billion in shares in total during the leading cryptocurrency exchange’s first day of trading on the Nasdaq earlier this week, according to series of filings made Friday with the U.S. Securities and Exchange Commission (SEC). CEO Brian Armstrong sold 749,999 shares in three batches at prices ranging from $381 to $410.40 per for total proceeds of $291.8 million, according to one filing. While a Coinbase representative declined to comment due to the company being in a so-called “quiet period,” based on filings made before the listing, it…
04/18/2021 -
SoulSwap off the central chain on the trading platform shocked the attack, grand online press conference
Recently, SoulSwap, a decentralized financial data aggregation platform initiated by the Soul Blockchain Lab in the United States and developed by the world’s top Silicon Valley technical team, is about to be launched shockingly. As a platform based on decentralization and with core underlying technology, SoulSwap is achieving rapid fission with the exclusive “coin mining + computing power mining + promotion mining” model. The SoulSwap team held a grand press conference today, announcing that SoulSwap, a digital asset trading platform with a decentralized operation model, will be launched soon,…
04/28/2021 -
Deutsche Bank Says 52% of Its Investors Expect Bitcoin Below $60K in 12 Months
Deutsche Bank’s investor clients mostly see limited upside in bitcoin (BTC) this year and expect a decline towards $20,000-$40,000 in 12 months. Those are the highlights of a monthly market survey conducted by the German lender March 18-22 of 520 market professionals around the world. Bitcoin has been trading in a sideways range over the past week after failing to sustain an all-time-high around $61,000 reached earlier in the month. The 12-month BTC price forecast is more evenly distributed versus the three-month forecast, though a majority (52%) of respondents see prices under…
03/24/2021 -
Jaringan utama koin SYW telah diluncurkan dan merealisasikan sirkulasi global
Recently, something great happened within blockchain network. SYW coin completed the deployment on the ETH public chain and successfully launched the mainnet. This means that SYW has successfully realized global circulation and can be transferred in any blockchain networks. From now on, global investors can freely purchase or sell SYW coins. As a blockchain 2.0 application network, ETH’s related ecology has attracted the attention of many blockchain users and cryptocurrency owners. Ethereum holds the vast majority ofr DeFi protocols and stable coins. Due to its characteristics of having stable…
Business 05/26/2021 -
The Real Problem With Crypto
The problem with crypto is not that it is a scam. Or a bubble. Or used in any significant way today to evade taxes and finance terrorism. The problem with crypto is it presents a viable alternative to monetary monopolies by national governments. A viable alternative to banks and other financial institutions. A viable alternative to intermediated exchange. Pondering Durian is a tech-focused investor and writer who explores connections involving the U.S., China, and Emerging Asia (India and Southeast Asia) in the Emerging newsletter and blog. The real problem – for politicians, nation-states…
03/25/2021 -
Draws Skepticism From Rival Analysts
A debate is raging among bitcoin traders after a chart-reading analyst spotted a pattern known as a “bull flag,” ostensibly portending a coming rally to $70,000 or beyond. The analysis, posted on the website Bitcoinist by Yashu Gola and affirmed by Bill Noble at Token Metrics, concluded that the bull flag has formed over the past month, and that the cryptocurrency’s price is set to pop after a breakout in recent days. But when it comes to identifying and interpreting price-chart patterns there’s an art to the science, and some practitioners of bitcoin technical…
03/31/2021 -
Will the metaverse game Murphy be the brightest new star at BSC?
“What is the end of the Internet?” Could it be the metaverse?” The science fiction Avalanche depicts an online virtual world of multiple people called metaverse, where users can see the metaverse through a visual-eye device, in a virtual world drawn by a computer, with bright lights and millions of people walking through Central Avenue. The main road and world rules of the Metaverse are set by the Computer Association’s Global Multimedia Protocol Organization, where developers need to purchase land development permits, which enable them to construct streets,…
10/26/2021 -
Carbon Pathfinder KAU is available for global subscription, come and participate!
In order to improve the quality of global environmental protection, drive the combination of blockchain technology + environmental protection, and establish a unified global carbon policy and carbon market, the Ministry of Environmental Protection of South Korea and the International Environmental Protection Organization (WWF), Singapore, the United States, Australia, France, etc. jointly initiated the establishment The main body of carbon emission operation, launched the carbon pather KAU, a global ecological civilization construction system that uses blockchain technology to solve the pain points of the current environmental protection and health industry….
06/10/2021 -
AI screening mechanism? Future? A dream? Maybe it can come together! A meta-universe may be facilitated? NFT Frenzy! Connecting reality! !
Source Origin Coin, a group of coins built by enthusiasts and tech junkies. What the future looks like, we can’t be sure, but now we can start exploring! The virtual world has been positioned in a way that is not recognised by most in the real world, including admittedly the leading virtual coin world, Bitcoin. Source hopes that it can dovetail the virtual world with the real world and change this through its own special mechanism and philosophy. To contribute to the promotion and popularity of the virtual world….
06/29/2021