65m bond dapper labs

This experience will have soccer fans all over the world at the center, giving them a platform and product to enjoy and express their passion for LaLiga in a unique way.”

Dapper and LaLiga will partner on a variety of fan activations developed around key tentpole events during the season, including a trip to El Classico at Camp Nou, to watch Barcelona and Real Madrid from a VIP box.

“As Barcelona’s captain for a decade, I enjoyed some of LaLiga’s greatest moments. I also experienced some of the game’s biggest lows; but in spite of it all, the game would be impossible to play without our fans,” said Carles Puyol, a six-time LaLiga champion, three-time UEFA Champions League champion, and captain of FC Barcelona from 2004-14. “Fans give us energy that encourages us not to give up. They help us dig in when we’ve got nothing left and they give us support when we need it.

Genie avatar system and to continue to build out the digital goods marketplace on Dapper Lab’s Flow platform. This will make it compatible with nonfungible tokens, or NFTs, which permit users to create uniquely identifiable digital items with the help of blockchain, the secure and transparent digital ledger behind cryptocurrencies such as Bitcoin.


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“We’re going to offer tools so that a 6- to 16-year-old teen in high school can create their own digital wearable and goods collection and then release it in the marketplace and sell to the masses as well,” said Genies CEO Akash Nigam in an interview with GamesBeat.

The company has thousands of celebrities using its Genies for album releases, song announcements, and more. Celebrities using Genies include Shawn Mendes, J.Lo, Offset, Rihanna, DJ Khaled, Justin Bieber, Cardi B, and J Balvin.

Now users can design custom avatars and buy digital good items in a brand and celebrity marketplace before using them via customized Giphy integration on platforms like Instagram, Facebook, and others.
Users can create their own limited edition digital goods in the Genies marketplace as “drops.” The consumer experience includes creating a digital character of yourself from options including hairstyle, body type, clothing, fantastical accessories, and a growing list of things that could come from your imagination.

Nigam believes Genies avatars will make the metaverse possible, but not as a single virtual world.

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M registered accounts of which over 48% own at least one moment, and over 13 million transactions.

“Dapper Labs is growing quickly but we’re just scratching the surface of what this new technology can do for people,” said Roham Gharegozlou, CEO, Dapper Labs. “We’re excited to partner with our incredible investors to scale NBA Top Shot and launch our upcoming titles as well as unlock the potential of the open ecosystem building on Flow.”

With the launch of industry-leading features designed to easily onboard consumers and provide a world-class experience with blockchain technology, Flow has also emerged as a go-to destination for over 3,000 developers, artists, creators and brands looking to build out their own blockchain based experiences and communities, in an environmentally sustainable way.

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Since it was founded in 2018, Dapper Labs has given consumer enthusiasts a real stake in the game by bringing them closer to the brands they love, enabling engaged and exciting communities for them to contribute to, and powering new pathways for them to become creators themselves. Dapper Labs’ current studio partners include the NBA, NBPA, WNBA, WNBPA, LaLiga, Warner Music Group, Ubisoft, Genies and UFC.
Notable investors in Dapper Labs include Andreessen Horowitz, Coatue, Union Square Ventures, Venrock, BOND, GIC, Google Ventures (GV), Samsung, and the founders of Dreamworks, Reddit, Coinbase, Zynga, and AngelList, among others.
Dapper Labs has developed Flow, a new blockchain built for scalability and practical use cases, such as NBA Top Shot.

“We think Dapper Labs is a leader in the space at the infrastructure level with the Flow blockchain and at the application layer with NBA Top Shot. We continue to be impressed by Roham’s [Gharegozlou, CEO] strong leadership and vision and we could not be more proud to partner with him and the entire team at Dapper,” Coatue Ventures Chairman Dan Rose said in a statement.

And this is an interesting statement, as Sorare raised $680 million at a $4.3 billion valuation just a few days ago.
Sorare currently focuses on fantasy football (soccer) and uses the Ethereum blockchain for its NFT platform. They use ZK rollups to lower transaction fees.

Dapper Labs and Sorare will soon compete for the same player base.

We think Dapper Labs is a leader in the space at the infrastructure level with Flow blockchain and in the application layer with NBA TopShot. We continue to be impressed by Roham’s strong leadership and vision and we could not be more proud to partner with him and the entire team at Dapper.”

“Blockchain and crypto are foundational underpinnings for the next wave of technology evolution,” said Mary Meeker, General Partner of BOND.
“With NBA Top Shot and a compelling pipeline of products to come, Dapper Labs is leading the way with the innovative Flow platform. We are excited to be a part of this journey – and its next iterations – with Roham and team.”

This latest round follows a year of exponential growth for Dapper Labs.

To be able to be a part of an experience that brings players one step closer to their biggest advocates is exciting and meaningful. I look forward to what this relationship holds.”

NBA Top Shot, still officially in Beta, saw more than $780 million of Moments bought and sold in 2021, a 30x increase year-over-year.
More than 48% of its 1.1 million registered users own at least one Moment, the company said.

“With NBA Top Shot and a compelling pipeline of products to come, Dapper Labs is leading the way with the innovative Flow platform,” BOND general partner Mary Meeker said. “We are excited to be a part of this journey – and its next iterations – with Roham and team.”

These announcements come on the heels of Dapper’s recently revealed partnership with Google, naming Google Cloud as Flow’s cloud provider.

For example, SuperRare, which raised $9M, is a marketplace that only focuses on higher-end digital art and has a more sophisticated user interface with more curated inventory. During a recent four-hour period, for example, SuperRare listed prices ranging from $564 to $1.2 million.11

Finally, companies such as Bitski are developing technology that helps NFT creators set up their own storefronts, similar to Shopify in the retail space.12

What Does “Ownership” of NFTs Offer?

Once a consumer purchases an NFT from one of these marketplaces—what does that mean?

With the purchase of an NFT, you are buying a verifiable digital token that represents the buyer’s ownership of the asset on that blockchain.

Nigam sees the Genies avatar as a virtual portable identity that people can use wherever they travel across the internet. Examples of digital goods include a pair of shoes, a jacket, a fashion-inspired hot polka dot collection, a spirit animal creature head collection, a Bitcoin-inspired spacesuit, and a fantastical warrior outfit for Pride month.

Most items are created without the limitations of the physical world and are meant to be fantastical to represent different personalities.

Other new and existing investors in this round include Camilla Cabello, Polychain, Amplo, Foundation Capital, Redsea Ventures, Hashkey, Shrug, A Capital, Tamarack Ventures, and Gaingels. Nigam started the company in 2017 and it has 60 employees.

Over the past several years I’ve covered my fair share of upstart avatar companies that were all chasing the same dream — building out a customizable platform for a digital persona that gained wide adoption across games and digital spaces. Few of those startups I’ve covered in the past are still around.

But by netting a string of successful partnerships with celebrity musicians, LA-based Genies has come closer than any startup before it to realizing the full vision of a wide-reaching avatar platform.

The company announced today that they’ve closed a $65 million Series B led by Mary Meeker’s firm Bond. NEA, Breyer Capital, Tull Investment Group, NetEase, Dapper Labs and Coinbase Ventures also participated in the deal.

Mary Meeker will be joining the Genies board.

Top Shot fan experience while continuing to bring transformative sports, entertainment and music blockchain based experiences to consumers

VANCOUVER, BC, Sept. 22, 2021 — Dapper Labs, Inc., the company behind NBA Top Shot and the Flow blockchain, today announced US$250M in new funding. Led by Coatue, the new round brings together existing investors a16z, GV (formerly Google Ventures) and Version One Ventures with new investors including BOND and GIC, who believe in the long-term potential of Dapper Labs’ vision, its marquee titles including NBA Top Shot, which is one of the world’s fastest growing marketplaces, as well as the consumer-facing Flow blockchain.

“Coatue has been investing in technology trends for over 20 years and web 3.0 is one of the most exciting trends we’ve seen,” said Dan Rose, Chairman, Coatue Ventures.

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