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Dapper Labs

Invest in Dapper Labs

Gaming

Founded: 2018

Headquarters: Vancouver, British Columbia

dapperlabs.com

Status

Available

Last Round Valuation

$50 Billion

Share Price

$50.00

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About
Summary
Valuation

About Dapper Labs

Dapper Labs is a marketplace that offers digital collectibles built on the blockchain. It launched CryptoKitties, a game centered around breedable, collectible creatures called CryptoKitties. Each cat is one-of-a-kind and 100% owned by users; it cannot be replicated, taken away, or destroyed. The company also partnered with the NBA and launched NBA Top Shot.

Key Facts

Dapper Labs, the company behind CryptoKitties, NBA Top Shot, and the Flow blockchain, uses blockchain technology to bring NFTs and new forms of digital engagement to fans around the world paving the way to a more open and inclusive digital world starting with games and entertainment.

Dapper Labs uses the power of play to deliver blockchain-based experiences and digital collectibles that are made for users and ready for the real world. The Company's platform uses blockchain-enabled applications to bring fans closer with the brands they love, give people a real stake in the communities they contribute to and create new ways for consumers to become creators themselves, enabling users to access new forms of digital engagement and track their ownership securely.

Dapper operates an extremely popular marketplace for basketball-themed NFTs called NBA Top Shot and has built a blockchain called Flow specifically for managing apps and games. Users can buy digital cards that represent NBA players and moments. They can then buy and sell some of their cards to other players. The value of these digital collectibles can go up and down over time.

The platform is based on NFTs, or non-fungible tokens, and each digital card is registered as a unique token on a blockchain.

Dapper Labs has developed Flow, a new blockchain built for scalability and practical use cases, such as NBA Top Shot. Flow uses a novel proof-of-stake architecture that dramatically reduces fees and environmental impact. It also strongly emphasizes the developer experience, with an accessible programming environment and robust support for application composability. With the launch of industry-leading features designed to easily onboard consumers and provide a world-class experience with blockchain technology, Flow has 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. Flow currently has over 1.3 million user accounts and over one hundred known developer groups building on top of it. Flow has developed an Open Code Bootcamp for users to learn crypto and blockchain development virtually.

Dapper Labs gives consumer enthusiasts a real stake in the game by bringing them closer to the brands they love, building engaged and exciting communities for them to contribute to and producing new pathways for them to become creators themselves.

Dapper Labs' current studio partners include the NBA, NBPA, WNBA, WNBPA, LaLiga, NFL, NFLPA, Warner Music Group, Ubisoft, Genies, and UFC.

Dapper Labs is accelerating the move to Web3 by building new apps and platforms that enable great user experiences while being accessible to hundreds of millions of fans of organizations.

Dapper Labs got its start with CryptoKitties and was spun out of startup studio Axoim Zen, which was responsible for CryptoKitties, an extremely popular blockchain-based game that allows people to buy and sell, as well as breed, virtual cats.

Dapper Labs is an active investor in emerging gaming, NFT, and blockchain companies such as OpenSea, Starly, Onchain Studios, Concept Art House, GigLabs and 14 others.

While still in open Beta, Dapper’s flagship NBA Top Shot grew by 30x in 2021, with more than $780 million in collectibles bought and sold, more than 1.1 million registered accounts of which over 48% own at least one moment, and over 13 million transactions.

Dapper Labs recently partnered with the NFL and NFL Players Association to create exclusive digital video highlight NFTs for NFL fans, aiming to drive fan engagement by letting fans collect digital video moments of the best plays of the season using Dapper Labs' cutting-edge blockchain technology.

Dapper Labs recently partnered with the UFC, the world’s premier mixed martial arts organization, to launch the highly anticipated NFT collectible product, UFC Strike, which will give MMA fans the opportunity to own the most epic, talked-about fight moments in the history of UFC.

Dapper Labs has announced a partnership with LaLiga, Spain’s top professional soccer league, to launch a soccer marketplace in the summer of 2022 that will feature digital collectibles from the league’s 20 teams, including world-renowned clubs Real Madrid and Barcelona.

Dapper Labs recently announced its acquisition of Sequoia Capital-backed startup Brud, which focuses on creating community-owned media and collectively-built worlds.

Chainalysis, the blockchain data platform, recently entered a long-term partnership with Dapper Labs to improve their business and compliance decisions.

The South China Morning Post is joining Dapper Labs to release a series of NFT trading cards, marking the most iconic news events in Hong Kong’s history – including Colonial rule events and deaths of Deng Xiaoping and Princess Diana.

Dapper was named by Fast Company as one of the 10 most innovative gaming companies of 2021.

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Summary

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Customers

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Key Investors

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Size of Market

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Market Position

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Industry

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Primary Vertical

Gaming

Employees

500

Mosaic Score

840

Money

760

Momentum

850

Management

760

Market

960

What is a Mosaic Score?

Key Officers

Name Work History Title Status
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current

Valuation

Valuation Over Time

chart

Last Round

Sept. 2019, Series B1

Valuation Post-Money

$400.2M

Amount Raised

$2.5M

Total Funds Raised

$75.2M

Implied Valuation

$84M

Funding Rounds

Date Round Amount Valuation Investors
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here

Competitive Landscape

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Coinbase
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$2.8B $1.3B
Coinbase
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$2.8B $1.3B

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