Bayern Munich Tokens Sell for Over $30000

According to Stryking, the Ethereum-based NFTs are unique cryptographic tokens with the “…rarity, authenticity, and ownership secured and …

Seven bundles of Stryking’s official Bayern Munich non-fungible tokens (NFTs) have been sold at auction for 240.9649 ETH, equivalent to approximately $31,100. One full set of the special Christmas 2019 Edition collection, featuring 24 players from Germany’s most successful football club, went for 133 ETH (around $16,700) while the remaining six bundles contained four cards each.

The value of each four card set varied from 33.9 ETH down to 4.4 ETH depending on the status of the players they portrayed. Top price was paid for the international quartet of Robert Lewandowski, Sven Ulreich, Kingsley Coman and Ivan Perišić.

The numbers dont lie for the excitement around the @stryking_io Holiday Auctions as according to @opensea we had a 6000% increase in the ETH value of sales from the past week!#blockchain#crypto#cryptocurrency#Dapps#ETH#ethereum#bayernmünchen#Bayern#NFT#technewspic.twitter.com/GV7MZwa2FV

— stryking.io (@stryking_io) December 29, 2019

The sale saw a spike in interest for Berlin-based Stryking products with performance analytic charts logging an impressive 6000% increase on the previous week. Until the sale, Stryking were probably best known for Football-Stars, their web and mobile gaming platform aimed at European fans.

Sporting Connections

Stryking made news in 2018 when they garnered support from Portuguese star Luis Figo and are now a subsidiary of Animoca Brands after being acquired in September this year. Animoca Brands have themselves previously enjoyed NFT auction successes with their official connection with Formula 1 motor racing.

Not resting on their laurels, Stryking have already started a second sale for Bayern Munich NFTs – called New Year 2020 Edition Legendary Player Cards – which will run until 6 January.

Ready for some Fireworks? 🎇Our New Year #FCBayern Special Edition cards are out‼️‼️⚽️ Auction is on, make sure to get yours at https://t.co/PsYOU9UxsG#NFT#digitalcollectibles#Blockchain#TokenSalespic.twitter.com/7jDcgn5lPW

— stryking.io (@stryking_io) December 30, 2019

According to Stryking, the Ethereum-based NFTs are unique cryptographic tokens with the “…rarity, authenticity, and ownership secured and guaranteed by blockchain technology.”

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Company behind CryptoKitties raises $11 million to create new blockchain

The company secured $11 million in funding from Warner, Andreessen Horowitz, and Venrock to create a developer-friendly blockchain.

DapperLabs, the company that created the popular CryptoKitties Ethereum collectibles game, announced the launch of its new blockchain platform—Flow. The company secured $11 million in funding from Warner, Andreessen Horowitz, and Venrock to create a developer-friendly blockchain.

DapperLabs raises $11 million for new blockchain platform aimed at games

The creators of one of the most successful blockchain games in the world, DapperLabs, announced that they will be launching their own native blockchain platform. The company behind CryptoKitties shared the news in Sep. 12 Medium post, saying they were searching for a solution to other blockchains’ problem of scalability since 2017.

“After almost two years of research, we’re excited to share Flow with the world,” Roham Gharegozlou, CEO of Dapper Labs, said in a statement.

The company’s blockchain, called Flow, was designed to be a developer-friendly platform and be able to support “entire ecosystems of apps, games, and digital assets that power them.”

DapperLabs was able to create Flow thanks to the $11 million it raised in its latest round of financing. According to the official announcement, the company was backed by the leading players in both crypto and entertainment industries. Backers included Andreessen Horowitz’s a16z crypto fund, Accomplice, Warner Music Group, Venrock, CoinFund, and others.

Angel investors William William Mougayar, James and Glenn Hutchins, Don Mattrick, and Nanon de Gaspe Beaubien-Mattrick also participated in the funding round.

Flow’s attempt to connect entertainment and blockchain brings Warner Group on board

DapperLabs said that Flow was designed to meet mainstream developer and consumer expectations. It managed to reduce “redundant effort” and increase the network’s efficiency by shirking proof-of-work, a protocol used by many cryptocurrency networks, including Bitcoin.

Instead, Flow is a proof-of-stake blockchain, which allows for better energy usage and easier scalability.

Gharegozlou said that Flow was designed with the entertainment industry in mind, explaining that it can be used by artists to issue their own crypto tokens or games to reward users.

5/ Flow is designed as a world entertainment network, bringing the first billion people to decentralized ecosystems through apps, games, and digital assets that power them.

— Flow Network (@withflow_) September 12, 2019

This is the premise that attracted some of the biggest players in the entertainment industry—Warner Music Group and Ubisoft.

While Forbesreported that Warner contributed less than $1 million to the round, the sheer size of Warner’s audience makes this one of the most important crossovers between traditional media companies and blockchain. Flow is the first blockchain investment the entertainment giant made but could prove to be monumental. Warner is reportedly looking into how cryptocurrencies could be used to tip artists.

7/ The journey to bridge the gap between the mainstream and the rest of the decentralized ecosystem starts now. We’re really excited for you to be part of it! 💦https://t.co/nFbTO4di9m

— Flow Network (@withflow_) September 12, 2019

Ubisoft, the company behind the globally popular Assassin’s Creed game series, is developing a racing game that enables users to buy, sell, trade, and race unique cars.

However, Flow could come across serious regulatory setbacks if not careful with the way they structure their tokens. For now, DapperLabs hasn’t released any information on whether their tokens would be viewed as securities or as cryptocurrencies.

Gharehozlou toldForbes that the only people informed of these details are accredited investors under securities law exemptions.

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Filed Under: U.S., Technology, Venture Capital

Priyeshu GargPriyeshu Garg

Priyeshu is a software engineer who is passionate about machine learning and blockchain technology. He holds an engineering degree in Computer Science Engineering and is a passionate economist. He built his first digital marketing startup when he was a teenager, and worked with multiple Fortune 500 companies along with smaller firms. When he is not solving the transportation problems at his company, he can be found writing about the blockchain or roller skating with his friends.

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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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Warner Music joins $11M funding round in CryptoKitties creator for new blockchain tech

According to a report from Forbes today, the funding round was led by Andreessen Horowitz and joined by Digital Currency Group, Union Square …

Music and media giant Warner Music Group reportedly joined in an $11.2 million investment in Dapper Labs, the creator behind the virally popular distributed ledger blockchain game CryptoKitties.

According to a report from Forbes today, the funding round was led by Andreessen Horowitz and joined by Digital Currency Group, Union Square Ventures, Venrock and others.

The objective of the funding will be to support the launch of a newly created blockchain platform designed to deliver high transaction volumes named Flow.

Flow is intended to be developer-friendly and provide the foundation for a distributed application ecosystem for gaming, collectibles and financial tokens. The blockchain is explicitly designed to support gaming and is claimed to provide a larger throughput than Ethereum – the blockchain upon which CryptoKitties is built.

“After almost two years of research, we’re excited to share Flow with the world,” said Roham Gharegozlou, chief executive of Dapper Labs. “Flow is a blockchain built from the ground up to support high-performance ecosystems of apps and games without compromising decentralization. Bitcoin and Ethereum show how crypto can make the world of finance more open and transparent; Flow will do the same for consumers of entertainment and culture.”

Thus, enters Warner Music’s interest in Flow. Using the blockchain architecture the company would be able to mint tokens on the blockchain that could be used to purchase music, provide rewards to consumers and deliver limited-edition digital memorabilia.

“Warner Music is always searching for new opportunities for our artists and has dedicated itself to exploring emerging technologies to enable these,” said Jeff Bronikowski, senior vice president of Global Digital Business Development at Warner Music.

This is the first time Warner Music has participated in any investment involving blockchain technology.

Last year, Warner Music generated $4 billion in revenue from projects including partnerships with both Facebook and Instagram. By using Flow’s architecture, it will become possible for Warner to use its already broad audience and distribution to add digital collectables to their virtual shelves.

For example, it would be possible to mint, publish and distribute provably-unique assets such as digital album art signed by Cardi B – an American hip hop artist. Made possible by what are known as non-fungible tokens, these sorts of items could be treated as unique digital objects, traded between collectors and therefore accrue real value.

“When I was in college, you’d walk into someone’s room and you’d see 200 CDs and you would say, ‘That guy’s a big music fan.’ And now you just see somebody with a music subscription service and some playlists,” said Bronikowski. “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.”

The concept of uniquely tradable digital objects has been given proof of concept by Dapper Labs’ CryptoKitties, which launched in 2017.

CryptoKitties are breedable virtual pets, which are unique and represented by non-fungible tokens. As a result, the average CryptoKitty sells for about $2.05. Although, in May 2018 a CryptoKitty named “Celestial Cyber Dimension” sold at auction for over $140,000.

According to market data from NonFungible.com, CryptoKitties averages a total weekly volume of approximately $12,500. The entire blockchain game is estimated to have a market cap of $5.3 million.

In addition to this investment, Dapper Labs also announced partnerships with other entertainment publishers to design enterprise-scale use cases. Ubisoft, best known for developing games such as “Far Cry” “Just Dance,” and “Assassins Creed,” has taken an advisory position on Flow.

“When it comes to new technologies and innovation, Ubisoft has always favored a collaborative approach,” said Nicolas Pouard, blockchain initiative director at Ubisoft’s Strategic Innovation Lab. “We are eager to learn more from Dapper Labs, some of the most talented pioneers in the field of blockchain-gaming, while bringing our own experience of the gaming industry and triple-A development.”

Video games represent an even broader industry where uniquely tradable virtual items are part of vast player economies.

Games such as Epic Games Inc.’s “Fortnite” has seen more than 250 million users, many buying and trading virtual items. Gaming market research company SuperData estimated that “Fortnite” alone raised over $2.4 billion in 2018 from sales of virtual items in the game, declaring it “the most annual revenue of any game in history.”

Virtual items in Blizzard Entertainment Inc.’s “World of Warcraft” have seen huge popularity – such as the Celestial Steed, a $25 item (a star-studded ridable horse) that sold over 140,000 copies within three hours, with an estimated revenue exceeding $3.5 million.

“We believe that crypto is the future of the gaming industry,” said Yat Siu, co-founder and chairman of Animoca Brands, one of the first game companies to build on Flow. “In order to support the scale expected from games that reach and are adopted by mainstream consumers, we need a strong platform that takes into account the needs of developers and the superpowers of decentralized entertainment.”

Photo: Pixabay

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Warner Music Opts For Blockchain From CryptoKitties Creator to Build Token

… security, with the rest coming from investors such as Union Square Ventures, Andreessen Horowitz, Digital Currency Group and Venrock.
Market NewsSeptember 12, 2019 by Kelly Cromley

Warner Music Group intends to create digital assets utilizing a new blockchain supported by CryptoKitties developer.

In particular, the media company is joining hands in the $11.20 million investment in CryptoKitties developer Dapper Labs for the purpose of playing a role in the establishment of the firm’s new blockchain ecosystem dubbed Flow and also to create a native token over it.

Warner has invested only below $1 million through a convertible security, with the rest coming from investors such as Union Square Ventures, Andreessen Horowitz, Digital Currency Group and Venrock.

Jeff Bronikowski, senior vice president of business development at Warner Music, has opined that the tech behind CryptoKitties could be utilized to develop exclusive and tradable goods.

Flow is asserted to be accomplished of handing trade volumes many times higher than the popular Ethereum blockchain over which CryptoKitties game runs.

Bronikowski signaled that the new investment aims to unlock a fresh strategy for distributing Warner Music’s programs and also a unique kind of involvement with artists.

He said:

“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.”

The initial round of funding will be used up solely on developing the Flow blockchain and creating apps on it, while the certified investors will obtain a portion of company stock.

The investors will also be presented with an additional choice of converting the securities into tokens which can be expended on the network immediately after the company receives regulatory clearance from the US SEC (Securities and Exchange Commission).

Warner Music, in addition, is looking at the option of permitting artists to be tipped using cryptocurrency and piloting two kinds of blockchain platforms for linking musicians straightaway with their respective fans without a need for third-party distributors.

It can be remembered that a week before, Korean pop music firm SM Entertainment divulged its strategy to develop its native cryptocurrency and blockchain in collaboration with technology firm CTIA Labs.

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