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Dapper Labs is the company behind CryptoKitties, NBA Top Shot, and the Flow blockchain. It uses blockchain technology to bring NFTs and new forms of digital engagement to fans around the world.
About
Dapper Labs is accelerating the move to Web3 by building new apps and platforms that enable great user experiences while being accessible to hundreds of millions of fans of organizations like the NBA and NFL, for example.
The company’s products and marketplaces include:
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Dapper is the easiest and most secure way to buy and store digital assets from the groundbreaking apps and games powered by Flow. It has reached more than 2 million global users with $1B+ total value processed.
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NBA Top Shot is a 24/7 peer to peer marketplace with more than 1.5 million users (as of May 2021) and $1B transaction volume since its launch in 2020.
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Allday (collect Iconic Moments from NFL past and present), UFC Strike (an all new NFT experience for MMA fans everywhere), Dapper LaLiga (collect Moments from LaLiga, coming soon), CryptoKitties and Cheeze Wizards.
Dapper Labs was founded by Dieter Shirley, Mack Flavelle and Roham Gharegozlou in 2018 and is headquartered in Vancouver, Canada. Dapper Labs' current studio partners include the NBA, NBPA, WNBA, WNBPA, LaLiga, NFL, NFLPA, Warner Music Group, Ubisoft, Genies, and UFC.
Why Dapper Labs Is on Our List
According to blockchain data company Chainanalysis, the marketplace for non-fungible tokens, which are digital pieces of art tied to blockchain technology, reached a $41B value by the end of 2021. According to Grand View Research, the NFT market will be worth $212B by 2030 (growing at a CAGR of 30%+). The growing demand for digital art worldwide is one of the major factors driving the NFT market growth.
In addition, Dapper Labs is well-positioned to capitalize on play-to-earn gaming market growth. 52% of active cryptocurrency wallets are now linked to some kind of game, according to a January report by DappRadar.
Dapper Labs has raised over $600M from well-known investors such Andreessen Horowitz, Coatue, Union Square Ventures, Venrock, Google Ventures (GV), Samsung, and the founders of DreamWorks, Reddit, Coinbase, Zynga, and AngelList, among others.
Dapper Labs generates revenue in several ways. First of all, it earns money from the direct sales of the collectible packs, which involves minting the NFTs. Secondly, Dapper Labs also collects 5% on all secondary market sales. Thirdly, the Flow blockchain earns fees on every transaction. Although the transaction volume has been growing extremely fast since 2020, the company doesn’t disclose its revenue numbers.