NFTs
Dapper Labs Said to Reach $7.6B Valuation in $250M Funding Round
The company behind NBA Top Shot and the Flow blockchain, Dapper Labs, has closed a $250 million funding round to an estimated $7.6 billion valuation. Coatue led the raise, including Andreessen Horowitz, Google’s GV (formerly Google Ventures), and Version One Ventures.
Recur Raises $50M, Largest Series A Round in NFT Space
Recur, a platform that lets users buy, collect, and resell NFTs, has raised $50 million to a total valuation of $333 million after a Series A funding round led by Digital, a metaverse investment platform backed by billionaire Steve Cohen’s family office. Co-founders and co-CEOs Zach Bruch and Trevor George discuss how they secured the funds and what they will use them for, including launching a new NFT college sports platform, NFTU. Plus, insights into NFT investment risks amid the booming NFT market.
European Football NFT Platform Sorare Raises $680M Series B
European fantasy soccer and digital collectible platform Sorare announced a $680 million Series B raise Tuesday, the largest ever in the non-fungible token (NFT) space, valuing the company at $4.3 billion. “The Hash” crew discusses the evolving NFT market as it continues to collide with global sports and the lucrative European soccer space.
Solana-Based Metaverse Gaming Platform Star Atlas Closes $2M in Public Token Sale
Blockchain-based metaverse gaming platform Star Atlas has closed $2 million in a public token sale, adding to the $41 million in sales it has already raised in NFTs. These NFTs and native Atlas tokens will be issued in Star Atlas’ play-to-earn gaming platform.
Canaan Reports Record Revenues, Korea Says No to Crypto Tax Delay
Cryptocurrency mining hardware manufacturer Canaan reports record revenues. South Korea’s finance minister says no to crypto tax delay. NFT platform OpenSea admits insider trading. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Insider Trading at OpenSea?
Leading non-fungible token (NFT) marketplace OpenSea said Wednesday it uncovered evidence of insider trading by one of its employees. Nate Chastain, OpenSea’s head of product, is at the center of the scandal which emerged on Twitter Tuesday night, with major investor Andreessen Horowitz (a16z) also investigating the case.
Solana Labs CEO Anatoly Yakovenko on SOL Dominance in Altcoin Markets
As the Solana blockchain continues to make waves in the crypto markets, Solana Labs CEO Anatoly Yakovenko discusses the drivers behind Solana’s emerging dominance in the blockchain space, digging into the potential weaknesses of Ethereum. Plus, insights into Solana’s use cases including NFTs and the outlook for its native token SOL.
