Amid Slowing NFT Demand NBA Top Shot Creator Raises Capital

Amid Slowing NFT Demand NBA Top Shot Creator Raises Capital Again, Tripling Valuation


Amid Slowing NFT Demand NBA Top Shot Creator Raises Capital Again, Tripling Valuation
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Dapper Labs is reportedly raising a new venture round at an astonishing $7.5 billion valuation despite the market cooldown
Dapper Labs
Just weeks after closing the $305 million VC round at a $2.6 billion valuation, Dapper Labs, the Vancouver-based startup behind the leading NFT marketplace NBA Top Shot, is reportedly raising more capital. The new round could triple the company’s valuation to $7.5 billion, according to The Information.
The round is being led by Tiger cub hedge fund Coatue Management, which led the previous round and recently invested in crypto custody startup Fireblocks, backed by BNY Mellon. Dapper Labs has not been immediately available and Coatue’s representative declined to comment. 

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