NBA Top Shot Firm Dapper Labs Raising Funds at $7.5B+ Valuation: Report
Just a few weeks after after raising funds at a reported $2.6 billion valuation, Dapper Labs, responsible for the high-flying digital collectibles platform NBA Top Shot, is raising more money but is now being valued at more than $7.5 billion , according to The Information.
- Citing a person with direct knowledge of the talks, the report said the new round is being led by Coatue Management, which led the previous round. Coatue is led by billionaire investor Philippe Laffont.
- Three-year old Dapper’s value is exploding along with the demand for non-fungible tokens (NFTs).
- Andreessen Horowitz, one of the backers of Coinbase, is a backer of Dapper, the report noted.
Recommended News
-
DeFiMEX first global DEFI options contract exchange
DeFiMEX is building a new DEFI options contract exchange with an innovative DEFI straddle arbitrage mechanism. The system currently supports trading of options contracts in the mainstream DEFI currencies. DeFiMEX will step into the new wind of the blockchain era, focusing on the new DEFI financial track with a top technical team, UNI Foundation participation and global operations. DeFiMEX will step into the new wind of blockchain era, focusing on the layout of DEFI new financial track, top technical team, UNI Foundation participation, global operation. The DeFi options contract is…
-
How NFTs Became Art, and Everything Became an NFT
“Today, the physical mural doesn’t exist. But it still exists with NFTs, and with value,” Boyart tells me from Paris. “This is very satisfying.” See also: What Are NFTs and How Do They Work? Subscribe to State of Crypto, our weekly newsletter on policy impact. SUBSCRIBE By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. Boyart minted a non-fungible token (NFT) version of the mural, dividing it into 100 pieces and selling each one for 0.5 ETH. He would sell more NFTs. Many more….
-
JPMorgan Posts 34 Blockchain Jobs as It Beefs Up JPM Coin
U.S. mega-bank JPMorgan has 34 open blockchain job positions posted on its website. It’s quite possibly a record for any company in the space (JPMorgan has been noted for its enthusiastic blockchain hiring in the past). The majority of the job openings, posted this month and last, are spread across the U.S., India and Singapore. Many of the jobs relate directly to Onyx, the division created in October of last year to oversee JPM Coin, the bank’s wholesale payments token. By signing up, you will receive emails about CoinDesk products and you agree to…
-
Market Wrap: Bitcoin Rallies Near $58K, Stocks Soar to Record Highs
Bitcoin (BTC) trading around $57,572.97 as of 21:00 UTC (4 p.m. ET). Climbing 2.11% over the previous 24 hours. Bitcoin’s 24-hour range: $54,323.61-$57,632.81 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. bitcoin trading on CoinbaseSource: TradingView The bitcoin market is back in bull mode but for one key attribute, almost like a missing tooth: low trading volume. Bitcoin’s price on Thursday extended its winning streak to a seventh day as a renewed appetite for risk-taking in traditional markets sent U.S. stocks to…
-
SoulSwap off the central chain on the trading platform shocked the attack, grand online press conference
Recently, SoulSwap, a decentralized financial data aggregation platform initiated by the Soul Blockchain Lab in the United States and developed by the world’s top Silicon Valley technical team, is about to be launched shockingly. As a platform based on decentralization and with core underlying technology, SoulSwap is achieving rapid fission with the exclusive “coin mining + computing power mining + promotion mining” model. The SoulSwap team held a grand press conference today, announcing that SoulSwap, a digital asset trading platform with a decentralized operation model, will be launched soon,…
-
Rep. Gaetz of Blockchain Caucus Faces Investigation for Sexual Misconduct: Report
U.S. lawmaker Matt Gaetz (R-Fla.), a member of the Congressional Blockchain Caucus who has put his name to a handful of pro-blockchain bills and letters, is under investigation by the Department of Justice, which is looking into whether he had a sexual relationship with a minor, the New York Times reported Tuesday. According to the report, which cited “three people briefed on the matter,” Gaetz is also being investigated over whether or not he violated federal sex trafficking laws. He allegedly may have paid for a 17-year-old to travel with him. The investigation is part…
-
Deutsche Bank Says 52% of Its Investors Expect Bitcoin Below $60K in 12 Months
Deutsche Bank’s investor clients mostly see limited upside in bitcoin (BTC) this year and expect a decline towards $20,000-$40,000 in 12 months. Those are the highlights of a monthly market survey conducted by the German lender March 18-22 of 520 market professionals around the world. Bitcoin has been trading in a sideways range over the past week after failing to sustain an all-time-high around $61,000 reached earlier in the month. The 12-month BTC price forecast is more evenly distributed versus the three-month forecast, though a majority (52%) of respondents see prices under…
-
Draws Skepticism From Rival Analysts
A debate is raging among bitcoin traders after a chart-reading analyst spotted a pattern known as a “bull flag,” ostensibly portending a coming rally to $70,000 or beyond. The analysis, posted on the website Bitcoinist by Yashu Gola and affirmed by Bill Noble at Token Metrics, concluded that the bull flag has formed over the past month, and that the cryptocurrency’s price is set to pop after a breakout in recent days. But when it comes to identifying and interpreting price-chart patterns there’s an art to the science, and some practitioners of bitcoin technical…
-
Money Reimagined: Letter to President Biden
President Biden needs to reform the global financial system and avoid a 1930s-style depression. Digital currencies can help. Welcome to this week’s Money Reimagined, coming to you two days into a new U.S. presidency. Already, with various executive orders and a host of cabinet and agency nominee names emerging, President Joe Biden has fostered the palpable sense of a slate being cleaned. As for what it means for crypto, the turnover in the White House gave Sheila Warren and me reason to invite Kristin Smith of the Blockchain Association and…
-
Coinbetter: Keep an eye on investment institutions
In 2021, the growth momentum of DeFi maintained, and the value of locked positions will continue to reach new highs. New trends such as GameFi, Metaverse, and NFT will continue to become popular, and many brands, companies and investment institutions will enter the market one after another. After the downturn in 2020, the blockchain industry investment and financing market finally rebounded in 2021. The number of investment and financing in the first half of the year alone has exceeded that of the whole of 2020. Today, these investment institutions already…
