Michael Jordan and Will Smith joined the $350 million funding round for NBA top shot maker Dapper Labs.
According to Cointelegraph, a cryptocurrency media outlet on the 31st, basketball legend Michael Jordan and Hollywood icon Will Smith became one of the investors participating in Dapper Lab’s recent fundraising round.
NBA top-shot maker Dapper Labs has secured approximately $350 million in new sponsorship funds from investors.
According to a report by Business Insider on the 20th, past and present NBA stars such as Michael Jordan, Alex Caruso and Kevin Durant participated in the funding round. Other investors include the Chernin Group and Will Smith’s venture capital team Dreammers VC.
With this financing, Dapper Labs is reportedly holding an valuation of $2.6 billion.
Earlier, the NBA Topshot posted sales of $230 million as of the end of February.
According to a Dapper Labs spokesman cited in Business Insider, the total sales of the NBA Topshot reached $483 million in March transaction figures, with more than 800,000 subscribers to the platform.
In fact, the NBA top shot boom is also the driving force behind the current craze surrounding the NFT. Earlier in March, an NFT collector reportedly rejected an offer to buy and sell $1 million from the NBA Topshot NFT, which it acquired for $100,000 in January.
Regarding the platform’s success, Dapper Labs CEO Roam Garegozlu said, “The NBA Topshot is a success because it jumps into basketball fandom. It’s a new and more exciting way to connect people with their favorite teams and players.” said.