Dapper Labs, the company behind popular blockchain-based experiences such as CryptoKitties, NBA Top Shot, NFL All Day, and UFC Strike, has secured $5.0 million in new funding. The company leverages blockchain technology to deliver NFTs and innovative forms of digital engagement to fans globally, aiming to foster a more open and inclusive digital world through games and entertainment.
Since its founding in 2018, Dapper Labs has focused on giving consumer enthusiasts a direct stake in the brands they admire. It achieves this by building engaged communities and creating pathways for users to become creators themselves. The company's extensive network of studio partners includes major organizations like the NBA, NBPA, WNBA, WNBPA, LaLiga, NFL, NFLPA, Warner Music Group, Ubisoft, Genies, and UFC. This latest capital infusion adds to the over $600 million Dapper Labs has previously secured from a diverse group of leading and notable investors.
The newly raised capital will be strategically deployed to accelerate Dapper Labs' growth initiatives and its mission to advance Web3 adoption. The company plans to use the funds to build new applications and platforms, focusing on delivering mainstream-ready user experiences and scaling Web3 applications to a broader audience. This investment underscores Dapper Labs' commitment to empowering more individuals and organizations to participate in the evolving digital economy.
Looking ahead, Dapper Labs aims to continue its trajectory of innovation, expanding its reach to hundreds of millions of fans worldwide. The company is poised to further its efforts in bringing accessible and engaging blockchain-powered experiences to a global consumer base, solidifying its role in the future of digital entertainment and ownership.
