Dapper Labs Stock and Its Impact on the Blockchain Industry

Dapper Labs' stock has seen significant growth due to the success of its flagship product, NBA Top Shot. In fact, the company's valuation reached $7.5 billion in 2021.

Dapper Labs' innovative approach to blockchain technology has disrupted traditional sports memorabilia markets. By leveraging blockchain, the company has created a unique digital ownership experience for fans.

The NBA Top Shot platform has been a major driver of this growth, with over $500 million in sales in its first year. This success has also led to increased interest in Dapper Labs' stock.

Dapper Labs' stock is listed on the FTX exchange, providing a convenient platform for investors to buy and sell shares.

A different take: Dapper Labs Class Action Lawsuit

Dapper Labs has raised a significant amount of funding, with a total of $676.96M raised over 13 rounds.

Their latest funding round was a $5.06M Unattributed - III round on November 21, 2022, with undisclosed investors.

Dapper Labs's valuation in September 2021 was a notable $7,600M, which is a substantial amount of money.

Here's an interesting read: Dapper Labs Valuation

However, the exact valuation after the Unattributed - III round on November 21, 2022, is not publicly disclosed.

Here's a summary of Dapper Labs's funding rounds:

Note that the revenue figures for Dapper Labs are not publicly disclosed.

Dapper Labs has made some notable acquisitions and investments in the past. Their latest acquisition was Brud on October 4, 2021, for a valuation of $XXM.

The company has also made 57 investments, with their latest investment being in Animoca Brands as part of their Unattributed VC - IX on December 8, 2023.

Dapper Labs' acquisition strategy has been focused on expanding its reach in the blockchain and NFT space, with Brud being a key player in the music industry.

Here's a brief overview of their notable investments:

Dapper Labs is a Vancouver-based fintech and gaming company that made its way onto the Disruptor 50 List with its NBA Top Shot platform, which lets users trade and collect basketball highlights in the form of non-fungible tokens.

The company was founded in 2018 by Roham Gharegozlou, Mik Nayeem, and Dieter Shirley, and has since raised $650 million in funding, valuing it at $7.6 billion.

Dapper Labs developed its own blockchain designed for NFTs, called Flow, which has been instrumental in the success of popular NFT projects like CryptoKitties and NBA Top Shot.

Flow's blockchain has a high throughput, capable of increasing transaction speeds by a factor of 56 without compromising security, making it suitable for applications that require fast and reliable transaction processing.

The company has also developed its own programming language, Cadence, which is specifically designed for digital assets and smart contracts.

Dapper Labs has had several significant milestones, including the launch of its mainnet in 2020, the introduction of Cadence, and the success of NBA Top Shot and NFL ALL DAY.

The company's commitment to continuous improvement and innovation was evident with the introduction of the Ethereum Virtual Machine (EVM) compatibility, allowing developers to deploy Ethereum-based smart contracts on the Flow blockchain.

Dapper Labs' ecosystem has attracted a thriving community of creators, including top brands, development studios, and venture-backed startups, driving mainstream adoption of Web3 and creating new opportunities for innovation.

Dapper Labs has made 57 investments, which is a significant number. Their latest investment was in Animoca Brands as part of their Unattributed VC - IX on December 08, 2023.

Flow Technology is a proof-of-stake blockchain designed to support consumer-scale decentralized applications, NFTs, DeFi, DAOs, and more. It aims to be the foundation of Web3 and the open metaverse, providing a robust platform for developers to create innovative digital experiences.

Flow has been instrumental in the success of popular NFT projects like CryptoKitties, NBA Top Shot, and NFL ALL DAY. These platforms allow users to buy, sell, and trade unique digital assets, such as virtual pets or sports highlights, creating new opportunities for digital ownership and collectibles.

Flow's architecture includes features like account linking, UI abstraction, and protocol-native account abstraction, which enhance user experience and security. These features allow for seamless integration with existing applications and services.

Flow boasts a high throughput, capable of increasing transaction speeds by a factor of 56 without compromising security. This makes Flow suitable for applications that require fast and reliable transaction processing, such as real-time gaming or financial services.

Flow's open and decentralized nature has attracted a thriving ecosystem of creators, including top brands, development studios, and venture-backed startups. This diverse community continues to push the boundaries of what is possible with blockchain technology.

The Flow price is currently at $0.665777 USD, which is up 5.78% in the last 24 hours. This indicates a positive trend for the cryptocurrency.

Flow has a circulating supply of 1,544,758,531 FLOW coins, but its maximum supply is not available. This means that the total number of Flow coins in existence is vast.

The current CoinMarketCap ranking for Flow is #80, which is a notable position in the cryptocurrency market. This ranking can fluctuate over time as market conditions change.

Flow's live market cap is $1,028,465,176 USD, which is a significant amount of value tied up in this cryptocurrency. This market cap can also change as the price of Flow fluctuates.

Here's an interesting read: Stock Price