With a new $305 million USD private investment, Vancouver-based Dapper Labs is making major waves in the world of basketball.
Dapper Labs are the people behind NBA Top Shot, a super popular virtual trading card. While it sounds niche, they’re making tons of cash. The company reported having made over $500 million in sales since October. Where does the value come from? Well, the answer is NFTs (non-fungible tokens).
It’s complicated to fully explain, but it, simply, is using a technology called ‘blockchain’ that verifies its scarcity and value. There’s more to it than that, but we try to keep things simple around here.
Vancouver Fashion Week Set To Dazzle With Its Stunning Digital Runway Events This April
This Giant Waterfront Estate Is The Pinnacle Of Vancouver Island Living
View this post on Instagram
Each card comes with a virtual clip of its respective basketball player and some have been valued at over $200,000.
Some big names have taken notice of Dapper Labs, with legends like Micheal Jordan, Kyle Lowry and 2 Chainz investing in the company. What a crew!
Not since the Grizzlies and Steve Nash has BC had such an impact on the NBA. So this is super cool to see.
You can learn more about NBA Top Shot right here.
Read more in Lifestyle
Polar plunge: Vancouver firm proposes a Nordic-style sauna & spa at Stanley Park
This BC beach is nicknamed "Little Hawaii" because of its clear waters and sandy beach
Vancouver is kicking off Pride season with an all-ages party this month
Enrique Iglesias, Ricky Martin & Pitbull are going on tour & they’re coming to Canada
Curiocity In Your Inbox!
Want more? Subscribe to our newsletter for exclusive deals, stories, info & more!Subscribe Now