Today, our portfolio company Dapper Labs announced a major financing round.
It is getting a lot of pickup because NBA Top Shot and CryptoKitties—their digital collectible trading platforms—made non-fungible tokens (NFTs) part of the mainstream. Collectors have bought and sold over half a billion dollars’ worth of NFTs on them.
NFTs are what we call social objects. A video clip, image, literally any file can be minted into an NFT and bought and sold like a physical object.
For artists, musicians and creators it’s life-giving. NFTs have a feature that will pay the originator a percentage every time it is sold or changes hands.
Digital trading cards are fun but not the whole story. Others are now building on Dapper’s Flow blockchain. It takes hard things, like building your own blockchain and wallet, to make something fundamentally new, like NFTs, easy and accessible to millions.
Let’s make the future, let’s do great things. Yes? Yes!