Dapper Labs Said to Reach $7.6B Valuation in $250M Funding Round

Dapper Labs organized funding round and bagged around $250M. The company officials have revealed that the completion of this new round will impact the company positively as the claims have been made that Dapper Labs to reach around $7.6B Valuation.  Dapper Labs is also standing behind NBA Top Shot and the blockchain outlet also announced a deal with pain’s top soccer league, LaLiga.

A source disclosed that Dapper Labs received $7.6 billion valuations. The CEO of Dapper Labs, Roham Gharegozlou, in his interview to CoinDesk told that one of the biggest reasons that some of the world’s biggest crypto investors are willing to work with us is our ability to bring in the unique operating concept.

The CEO further added that the popularity of the NFTs will enhance the popularity of NBA Top Shot operations. As the result, more sports-oriented crypto-based ventures will take place worldwide.  This can also include the European footballing teams and footballing tournaments such as the UEFA Champions League.

However, recently sports industry has shown keen interest in the crypto market. The Dapper mega-round comes just a day after soccer NFT large Sorare raised $680 million in a boost that valued the Paris-primarily based fantasy sports activities platform at $$4.3 billion.

It seems that the crypto market does have space in abundance to accommodate the newest companies and ventures as well. One of the biggest reasons that Dapper Labs decided to develop ties with Spain’s biggest footballing league is to launch a soccer market. The launch of a soccer store will help to create a new soccer-based market. Where all the La Liga clubs will showcase their own collection of digital tokens, however, the most noticeable names in the LA Liga are Real Madrid and Barcelona.

Previously Italian League football club AS Roma and French League football club Paris Saint-German both have entered the crypto market. The recent interest from the footballing and NBA world in developing blockchain technologies and launching their own digital tokens have further motivated the crypto plat from and blockchain technologies developers to put extra efforts into their work and come up with state-of-the-art protected protocols.

Moreover, the legal experts analyzing crypto markets have said that big names from the sporting world who have entered the crypto market will improve the legal scenario of the crypto market. The Dapper mega-round rapidly followed the Sorare fundraising activity of $680 million that raised the value of the Paris-based fantasy football club’s value over $4.3 billion.

However, after NBA Dapper Labs have successfully captured the LA Liga, LA Liga’s crypto-related operations will use the company’s Flow blockchain platform for trading purposes.