It’s very rare to say the sky is the limit for a fairly new company with an unproven track record. Dapper Labs Products and Market Potential While Dapper Labs stock is not available, you can invest in a few of its partners. Iconic moments, on the other hand, are going for hundreds of thousands of dollars.Īlong with its private funding, Dapper Labs is partnered with Warner Music Group (Nasdaq: WMG), Ubisoft (OTC: UBSFY) and UFC. It’s all backed by blockchain technology that certifies your purchases.Ĭommon virtual cards can go for less than $10 apiece. Users purchase virtual cards in the form of a floating digital cube that includes an NBA highlight and a non-fungible token. Since October of 2020, NBA Top Shot has amassed more than 800,000 accounts. Unfortunately, it may be some time before Dapper Labs stock is available. However, it’s still early days for the company.ĭapper is driving a new era of digital investing and piling up massive sales in the process. And CEO Roham Gharegozlou has to know it. The potential for a Dapper Labs IPO is clear. Originally, the private funding was expected to be around $250 million at a valuation of about $2 billion. This brings Dapper’s private funding to a total of $357 million. Investors include many current and former NBA players, including the legendary Michael Jordan and superstar Kevin Durant. But at this current moment, the company is rapidly growing and private funding is coming in from a wide range of investors.ĭapper Labs recently secured $305 million in private funding that was led by private equity firm Coatue Management. In addition, there have been more than three million transactions worth over $500 million in total sales.Īs you can see, the interest is exploding and investors are chomping at the bit over a potential Dapper Labs IPO. The most expensive NFT sold on the site to date went for $208,000. It gives customers the ability to own and sell NBA highlights. In fact, NBA Top Shot is the largest decentralized application (dApp) in the world. So, why are investors so eager for Dapper Labs stock to hit the market? It all starts with NBA Top Shot. The company believes blockchain will “reshape how we use and interact with digital worlds.” It’s their mission to help blockchain technology realize its real-world potential. Non-fungible tokens (NFTs) are the latest craze in the investment space next to cryptocurrencies. However, it’s recently soared into the spotlight due to its popular creation, NBA Top Shot. Is Dapper Labs Stock Coming to the Market?ĭapper Labs was founded in Vancouver, British Columbia in February of 2018. Therefore, is a Dapper Labs IPO coming in the near future? Let’s take a closer look at this business who is at the forefront of the NFT craze. The Canadian blockchain technology company is securing hundreds of millions in private funding as their popular products are exploding on the market. And it’s possible that an initial public offering will come sooner rather than later. Dapper Labs stock may be a market hit for investors.
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