CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$24,093.00
  • ethereum
    ETH$1,685.16
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Michael Jordan, Will Smith Participate in $305 Million Investment in NBA Top Shot Maker

    Michael Jordan, Will Smith Participate in $305 Million Investment in NBA Top Shot Maker

    Author: George Georgiev

    Last Updated Apr 19, 2021 @ 17:13

    Dapper Labs, the maker of NBA Top Shot, has closed an investment from NBA and entertainment stars worth $305 million.

    With collaboration from the NBA, highlight clips have become NFT collectible cards. Canadian technology company Dapper Labs continues its lucrative streak by nabbing a whopping $305 million dollars from new investors.

    Private Equity Firm Cotue Rakes in Big Names

    The New York investment company Coatue Management, responsible for several other technology investments, has sealed a lucrative deal for Dapper Labs. Household NBA names like Michael Jordan, Kevin Durant, and Klay Thompson are just a few on the extensive list. It doesn’t stop with basketball. Entertainment industry notables like Will Smith, Ashton Kutcher, and Shawn Mendes are also in the mix.

    Dapper Labs, the company behind NBA Top Shot, first gained fame for the video game CryptoKitties. The project quickly became one of the most notable NFT collectibles on the Ethereum blockchain.

    Now, with NBA Top Shot’s meteoric ascent, Dapper Labs continues to solidify its rise with an extra $305 million investment.

    With the increasing international presence of Ultimate Fighting Championship, or UFC, and their collaboration with Dapper Labs, the highlight reel moments that will inevitably be captured on it should be projected to generate even more millions for the company.

    ADVERTISEMENT

    What Exactly Are NBA Top Shot Collectibles?

    NFTs, or non-fungible tokens, are the craze in the fresh world of digital assets. They use advanced cryptographic technology to make sure that a digital asset is yours forever. The aura of uniqueness and scarcity that they’ve created has made artists fortunes, most notably Beeple’s $69 million NFT art sale.

    NBA Top Shot uses these same tokens to capture NBA highlight moments. Instead of artworks, however, they’re turned forever as collectible cards in video format.

    In the span of 6 months, these captured moments that were once worth $175,000 have increased to $20 million. Given how young the industry is and how it exploded into the mainstream, NFTs are looking primed for more.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • bosslogic_cover
      OpenSea Crashes Following BossLogic NFT Drop via Ethernity
    • This CryptoPunk NFT Was Bought for $15K in 2018, Now Sold for $8 Million
    • NFT art Beeple
      NFTs Absolutely in a Bubble, Says Beeple Following the Record $69 Million Sale
    Tags: DeFi Non-Fungible Token (NFT)
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    George Georgiev
    More posts by this author

    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

  • bitcoin
    BTC$24,093.00
  • ethereum
    ETH$1,685.16
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!