Dapper Labs Raises $18M in Token Sale for NFT-Centric Flow Blockchain
Dapper Labs is a startup company whose goal is to make blockchain more accessible by designing games built on the blockchain that anyone can enjoy. This includes CryptoKitties, one of the world’s most popular blockchain games with over $25M in sales and over 220k transactions per day as of December 2018.
NFT stands for Non-Fungible Tokens. NFTs are digital assets that are unique and have a specific owner. They are the asset class of choice for digital collectibles like CryptoKitties which is an Ethereum-based game that lets people trade, buy, and sell virtual cats.
Dapper Labs is a new company that combines entertainment, creativity and innovation. They are best known for their game CryptoKitties, although they have also released the blockchain-based title Neopets.
The company announced its successful $18M token sale of the Dapper token (DAP) to create a decentralized and new blockchain-based platform called “Flow”. It will enable players to trade unique items on blockchain while allowing creators to establish ownership and issue limited items.
With this system in place, creators can earn money from in-game goods that they create and sell, while players can buy their favorite items without worrying about fraud or in-game scams.
Dapper Labs is one of the many companies in the gaming industry that want to find ways to make it profitable.
The new platform, Flow, will serve as a metaverse where gamers can meet and interact with each other through different gaming experiences like CryptoKitties and Gods Unchained. Users will be able to use tokens from one game inside of another, which creates cross-promotion opportunities between all games on this platform.