Dapper Labs has closed an $18 million token sale on the strength of its latest NFT collectibles game, NBA Top Shot, following a $12 million funding round in August from Coinbase Ventures, Andreessen Horowitz, and a group of NBA players. Dapper Labs is known for its early success in clogging the Ethereum blockchain in 2017 with CryptoKitties, and now the non-fungible token (NFT) maker completed its own high-volume Flow blockchain earlier this year and has issued its FLOW token for sale on CoinList. Flow is an open-sourced hub for builders to create decentralized applications (dapps), games, and collectibles on the blockchain with easy onboarding and a sleek user interface. The FLOW token is the native asset for the Flow blockchain that is used by validators, developers, and users to participate in the FLOW network and earn rewards. Over 13,000 people participated in the offering from September 21 to October 2, raising $18 million. Dapper Labs is striking while the iron is hot in the growing defi and NFT market, and capitalizing on its past success from CryptoKitties. NBA Top Shot launched out of beta earlier this month after reporting $2 million in revenue in their private beta. According to Nonfungible.com, over $8.8 million in NFT sales have taken place in the last 30 days, with an average price of $124 per item. Since 2017, NFT sales have totaled over $129 million. Meet Dapper Labs CEO, Roham Gharegozlou, on a recent podcast interview on AroundTheCoin.

CoinList (Oct 9, 2020)