Warner Music Group and Dapper Labs Collaborate to Develop a New Blockchain

The investors who took part in the funding series include Digital Currency Group, Warner Music Group, and Andreessen Horowitz, etc. Till date …

The organization behind CryptoKitties, Dapper Labs have collected $11 million in latest financing series. The fund is built to create a new blockchain, Flow. The investors who took part in the funding series include Digital Currency Group, Warner Music Group, and Andreessen Horowitz, etc. Till date, Dapper Labs has raised almost forty million dollars through rounds of financing.

All the investors will receive an equity stake in the company until Flow gets permitted. It is expected that once Flow gets permitted by SEC, the scenario may change. The investors can exchange their stakes for the native token of Flow.

David Pakman of Venrock has said Flow is focused at the explicit use case of the business. He further added Ethereum and other layers 1 platform focuses on building scalable transaction platform. While decentralized gaming and crypto-collectibles have changed scaling necessities on the blockchain, which sharding basically cannot provide solution. That is why Dapper is creating Flow to allow millions of users for decentralized gaming.

He also said the collectible industry needs to build a blockchain for a purpose and if the company like NBA and Warner joins then their fan base will follow.

Reportedly, Flow is collaborating with other companies for use cases for developing the blockchain. The music company Warner and gaming firm NBA are amongst them.

As per the spokesperson of Dapper, their blockchain Flow is developed as a developer-friendly that can support next-generation digital asset, games, and apps.

Roham Gharegozlou, chief executive of Dapper Labs, said the platform could support millions of sports fans to trade digital assets which are limited edition, verified and authentic that can be sent anywhere around the world. He further said once the token becomes available, it will not become tinted. He also added they want to build a token that will have usage than speculations.

The senior Vice chief of Warner Jeff Bronikowski has said they are searching for exceptional tradeable products that will feature their artist. He added their fanbase would find a new way to convey themselves through the blockchain technology. It will also provide them an opportunity to work with their artist in a new and different way. It is the first blockchain investment of the music company.

Dapper Labs has announced they are developing a racing game with Ubisoft. The unique cars from the game can be traded between the participants.

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Cryptokitties maker Dapper Labs secures $11.2M to develop blockchain Flow, scores deals from …

… has secured $11.2 million in a new round funding from investors including Andreessen Horowitz, Digital Currency Group, and Warner Music Group.

Dapper Labs, the firm behind viral blockchain game CryptoKitties, has secured $11.2 million in a new round funding from investors including Andreessen Horowitz, Digital Currency Group, and Warner Music Group. The new proceeds will be used to develop Dapper Labs’ new blockchain, called Flow, and build apps on it, according to a report by Forbes.

Flow is built “as a developer-friendly blockchain… to support the next generation of games, apps, and… digital assets.” The platform is a public blockchain similar to ethereum, which allows anyone to build on it, and a token is required to use it

Under the deal, accredited investors will receive a traditional equity stake in Dapper Labs but with an option to convert their stakes into Flow’s native token after the firm has received the approval of the U.S. Securities and Exchange Commission.

Dapper Labs is currently looking into the use cases for Flow via its partnerships with Warner Music. The entertainment giant’s senior vice president Jeff Bronikowski said the firm is exploring ways to make unique tradeable merchandise featuring its roster of talents such as Bruno Mars, Cardi B, and Ed Sheeran. Dapper is the first blockchain investment of Warner Music.

The main goal is to create new avenues where the fans of our artists can explore their fandom… and engage with the artists in new and different ways that they haven’t done before,” Bronikowski said.

Warner Music plans to use Dapper Lab’s Flow blockchain to authenticate unique digital objects (non-fungible tokens) such as digital album art signed by artists.

Imagine on flow, the possibility of a platform for billions of sports fans to trade verified, authentic and limited edition digital memorabilia in real time around the world,” Roham Gharegozlou, Dapper Labs CEO, said.

Dapper also partnered with Assassin’s Creed and Animoca Brands developer Ubisoft to create a racing game, in which unique cars can be traded among players.

Last month, Dapper Labs also teamed up with the United States National Basketball Association (NBA) and its affiliated union the National Basketball Players Association (NBPA) to launch a new digital platform for blockchain-based collectibles, called NBA Top Shot. The competitive game enables fans to sell, buy, trade, and own exclusive digital NBA collectible on blockchain.

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CryptoKitties maker raises $11M to build a new blockchain

Dapper Labs, the firm behind CryptoKitties, has raised $11.2 million in a new round of financing from investors including Andreessen Horowitz, Digital …

Dapper Labs, the firm behind CryptoKitties, has raised $11.2 million in a new round of financing from investors including Andreessen Horowitz, Digital Currency Group, and Warner Music Group, according to a Forbes report. The new round of financing will be used to build out Dapper Labs’ new blockchain, Flow. Dapper Labs has raised $39.2 million to date.

Investors in this new funding round will receive an equity stake in Dapper Labs, with an option to convert their stakes into Flow’s native token once the firm has received SEC approval. According to Dapper Labs, Flow is built as a “developer-friendly blockchain… to support the next generation of games, apps, and…digital assets.”

“Imagine on flow, the possibility of a platform for billions of sports fans to trade verified, authentic and limited edition digital memorabilia in real time around the world,” says Dapper Labs CEO Roham Gharegozlou.

Dapper Labs is also exploring use cases for Flow through their partnerships with Warner Music and Ubisoft, the game development firm. According to Warner Music senior vice president of business development Jeff Bronikowski, the music giant is looking for ways to create unique tradable merchandise featuring its roster of talent including Cardi B and Bruno Mars. Bronikowski adds that “We think that as people spend more time crafting their persona in the digital realm, digital goods and collectibles is a great way to express that fandom.”

With Ubisoft, Dapper Labs announced it is developing a race car game in which unique cars can be traded between players.

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Creator of CryptoKitties Putting NBA Digital Collectibles on the Blockchain

Dapper Lapps is backed by top venture capital firms a16z, USV, GV, and Digital Currency Group (DCG). The NBA is “a men’s professional basketball …

The National Basketball Association (NBA), National Basketball Players Association (NBPA), and Dapper Labs (the creator of blockchain-powered CryptoKitties) are working together to develop a new crypto collectibles game called “NBA Top Shot”.

Dapper Labs is the company that CryptoKitties, one of the world’s most popular blockchain games. In this game, each CryptoKitty is “a collectible digital art form represented as a non-fungible tokens (NFT) created, managed, and traded through blockchain programs known as smart contracts.” CryptoKitties runs on the Ethereum blockchain. Dapper Lapps is backed by top venture capital firms a16z, USV, GV, and Digital Currency Group (DCG).

The NBA is “a men’s professional basketball league in North America,” and “is widely considered to be the premier men’s professional basketball league in the world.” The NBA “has established a major international presence with games and programming in 215 countries and territories in 50 languages, and merchandise for sale in more than 100,000 stores in 100 countries on six continents.” The NBPA is the union for current professional basketball players in the NBA.

According to the NBPA’s announcement, the new digital platform and game that Dapper Labs wants to develop for the NBA and the NBPA will allow fans to buy, own, and trade “exclusive digital NBA collectibles on blockchain.” These digital collectibles are comprised of “some of the greatest moments in league history.”

Roham Gharegozlou, CEO of Dapper Labs, said:

The NBA and its players are among the greatest heavyweights in global culture. Dapper Labs is proud to work with the NBA and NBPA to create an unparalleled digital experience for sports fans. Through NBA Top Shot basketball fans can engage with their favorite players, teams, and each other in entirely new ways. We use the latest in blockchain technology to create assets and experiences that are guaranteed limited edition and authentic, not to mention portable and permanent in a way nothing digital has ever been before.

NBA Top Shot will have “a social experience built around digital collectibles” and “a complementary head-to-head game designed to create a fun, authentic and accessible fan engagement on blockchain.” As with other fantasy sports games, the game’s players are engaged in building their ideal team with the rosters built by “acquiring live in-game moments from the NBA season.” An example of such moments is Kevin Durant’s 3-point shot. 

These moments are purchased as tokens (digital collectibles), which could then “either owned forever or used to compete against other players in online tournaments and leagues on-chain.”

Adrienne O’Keeffe, NBA Senior Director, Consumer Products and Gaming Partnerships, had this to say:

Dapper Labs’ innovation and expertise make them a perfect partner to introduce this groundbreaking game and what we believe will become coveted digital collectibles for basketball fans around the world.

NBA Top Shot’s collectibles experience is expected to go live this fall, and the game should be launched sometime early next year.

Featured Image Credit: Photo via Pexels.com

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Dapper Labs Announces Cheeze Wizards Hackathon in Lead up to The First Official Tournament

… the chance to have their projects reviewed by the Dapper Labs team and their investors including Union Square Ventures and Andreesen Horowitz.

Dapper Labs, creators of the massively popular Ethereum game, Cryptokitties have announced a hackathon for their latest creation, inviting developers to build on top of the game for the chance to win cash prizes, limited edition crypto-collectibles and the chance to have their projects reviewed by the Dapper Labs team and their investors including Union Square Ventures and Andreesen Horowitz.

Cheeze Wizards is the 2nd NFT powered game from Dapper Labs and will see players using ETH to summon wizards, forming parties and duelling against one another for the chance to win the “Big Cheeze” grand prize which currently stands at 600 ETH, increasing as every wizard is summoned. The game was officially launched in May 2019 during New York Blockchain week, attracting over 1,000 ETH within a week.

The hackathon which runs from the 1st of August to the 1st of September aims to showcase the game’s open ecosystem to developers and show how easy it would be for someone to build on the platform, for example by hosting their own tournament or running a prediction market based on the outcome and thus Dapper Labs have partnered with a number of companies including 0x, Augur, Sigma Prime, OpenSea, Alchemy, DAOstack, Kyber Network, Hashed, AppWorks, and Aragon.

“It’s important to us to enable developers around the world to create their own applications and extend upon games like Cheeze Wizards.” Joe Lau, CTO & co-founder of Alchemy commented via press release, “We see this type of collaboration as exemplifying a core property of the blockchain space as a whole.”

Similarly to how the company has encouraged those who want to build with Cryptokitties, or even produce Kitty themed art or products, Dapper Labs have committed to releasing all art and frontend components under the company’s NFT license to ensure that products look stellar and so those who use them have full commercial rights to build on top of Cheeze Wizards intellectual property. commenting via press release, Roham Gharegozlou, CEO at Dapper Labs explained the benefits of collaboration within the ecosystem

“In an open ecosystem, users, developers, and the original creators can all capture value,” says Roham. “Users ultimately decide what’s important. Developers who build for an existing community tap into an existing user-base, bootstrapping their product’s adoption and also adding value to the original community. This cyclical relationship between original creators, third-party developers, and the broader community builds trust and a stronger network.

For more information about the hackathon, visit https://coinlist.co/build/cheezewizards

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