Dapper Gets $725 Million to Support Blockchain Development

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Dapper Labs, the company behind NBA Top Shot and NFL All Day, has received $725 million in fundraising from several venture capital firms, including a16z, CoinFund, Greenfield One, Liberty City Ventures, and Union Square Ventures, according to a press release.

The money will go toward developer grants for the Flow blockchain and a $10 million Dapper Studio Ecosystem Fund which will "support new builders in the industry."

Author Bio

TD Marquis

A veteran journalist and editor with more than a decade's worth of experience, TD helped a small community newspaper in Vermont win a New England Newspaper Association Right to Know Award in 2014. TD helped compile five years' worth of invoices to uncover a long-established practice of small-town government officials paying themselves six figures to do small jobs around town. TD discovered NFTs with Top Shot in 2021 and his first NFTs on ETH were saving two Mooncats. He is now the proud owner of Rowhome #61 and 1,300 other NFTs of questionable value. He also sent 4 ETH to a fake Mekaverse site and wants Lucky Trader readers to avoid the same fate.

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