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.
McLaren Partners With Turkish Crypto Firm to Launch Formula 1 Fan Token
McLaren, the legendary Formula 1 auto racing team, has entered into a long-term partnership with Turkish crypto firm Bitci.com to create an official fan token for the team. The U.K.-based McLaren will launch its fan token – which it says is the first of its kind in Formula 1 racing – through the new partnership. Bitci.com will also become an official partner of the racing team, according to Wednesday’s announcement. Bitci.com is a Turkish cryptocurrency exchange with around $50 million in 24-hour traded volume. McLaren joins other prominent sports teams that have launched fan tokens….03/24/2021
US Senate Approves $1.9T Stimulus Plan; Measure Now Returns to the House
The Senate passed President Joe Biden’s $1.9 trillion Covid 19 relief package Saturday, a possible positive development for cryptocurrencies. The measure, which was passed by a 50-49 party-line vote, now heads back to the House, which would have to approve Senate changes to the package before it can head to the president for signing. The House is expected to take up the measure next week, according to The Wall Street Journal. The legislation would provide $300 in weekly unemployment benefits through early September, send $1,400 payments to some Americans and direct…03/06/2021
Bringing ‘Play’ back into the play-to-earn space — Ankots of Misteria
A brand new NFT monster-battler that is looking to change the way games are played in Web3. May 27, 2022 — The rise and widespread adoption of blockchain technology has led to some of the most barrier-breaking advancements in recent years. One of the standout examples of this came with the introduction of the Play-to-Earn gaming space which completely transformed the gaming industry for good, or so it was thought—until it was not. The tokenized economic model that was the promise of play-to-earn games worked extremely well in theory; players…05/31/2022
An open global transactionand settlement network protocol
The digital currency represented by Bitcoin is being recognized by mainstream investment institutions, and the core technology behind it, blockchain technology, is also widely received due to the changes brought to the industry during the process of integration with traditional fields. Attention and research. As an emerging technology, blockchain technology has been a hot topic widely discussed both inside and outside the industry from the beginning to the present and to the future. As an emerging technology, the first and largest application scenario of blockchain technology is in the fields…03/15/2021
Gain instant insights into unique mechanisms and purchase mode of 4JNET
Blockchain technology creates reliable cooperation mechanism and wins lots of trust due to its widespread prospects. The advancement of this technology further brings about a massive monetary revolution of financial inclusion. Yet, it’s now too late for investors to hold Shib, Safemoon and other tokens as they have appreciated a lot. Never mind! Here’s a new chance! 4JNET, a new encrypted token, will debut on 1 December 2021. Moreover, the limited-edition NFTs will be presold on 20 October 2021. Lots of experts and senior players in the token industry show vigorous support…10/24/2021
SporeOcean has completed the institutional round of financing and will start global ITO on April 23
In order to build SporeOcean’s global brand influence and expand its coverage, and build a solid long-term consensus on SporeOcean’s ecology, we plan to launch an ITO event. Users who meet the conditions for participation will have the opportunity to obtain a whitelist and participate in the SporeOcean Ambassador platform proposal governance rights and other rights after submitting through official channels for review and approval. SporeOcean Polkadot’s cross-chain DeFi+NFT operating system announced that it has completed two rounds of institutional angel round and A round financing. The angel round…04/22/2021
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…02/05/2022
Ethereum’s ‘EIP 1559’ Fee Market Overhaul Greenlit for July
One of the most significant and contentious alterations to the Ethereum blockchain in recent memory is now scheduled for inclusion into its codebase. Ethereum Improvement Proposal (EIP) 1559 will be packaged with the London hard fork this coming July regardless of the mining industry’s discontent with the proposal, according to the All Core Developers call Friday. At least five other EIPs are likely to join EIP 1559 in London. EIP 1559 flips a typical blockchain transaction on its head in order to fix numerous issues with Ethereum’s user experience. Traditionally, a user sends a gas…Business 03/07/2021
Amazon Considers $100M Investment in India’s Apollo Pharmacy Chain
Notably, Apollo Pharmacy is reported to be India’s first and largest branded pharmacy network that has over 3000 plus outlets in key locations. After the successful launch of Amazon Pharmacy Services last month, Amazon.com Inc (NASDAQ: AMZN) is reported to eye India’s Apollo Pharmacy for a whopping $100 million. Notably, Apollo Pharmacy is reported to be India’s first and largest branded pharmacy network that has over 3000 plus outlets in key Locations. Additionally, it is part of Apollo Hospitals – Asia’s largest healthcare group. Hereby making Amazon possible investment a strategic entry that could…12/09/2020
Enjin Raises $18.9M in Private Token Sale to Build Polkadot Parachain for NFTs
Blockchain platform Enjin has secured a multimillion-dollar funding raise in a bid to migrate its upcoming public blockchain Efinity to Polkadot. According to a press release shared with CoinDesk, Enjin has secured $18.9 million in a private token sale led by Crypto.com Capital, DFG Group and Hashed. Additional support for the raise came from Hypersphere, BlockTower, Blockchain.com Ventures, Fenbushi, Iconium, HashKey, Arrington XRP Capital, DeFi Alliance, among others, in what represents continued investor interest in non-fungible tokens (NFTs) as a gateway to mainstream adoption. The funding was conducted via a…Business 03/31/2021