Dapper Labs Attracts $725M in Flow Blockchain Ecosystem Development Fund

Dapper Labs has raised $725M in ecosystem development fund.

Funding was provided by Andreessen Horowitz, Coatue, Greenfield One, Liberty City Ventures, Digital Currency Group, Dapper Ventures and others.

The Foundation will provide funding in FLOW tokens and fiat to support developers in creating dApps. The structure will focus on the development of games, infrastructure, DeFi and content.

Each sponsor is expected to offer their own support for selected projects and make their own decisions. The Dapper Labs team can act as a facilitator.

The platform is powered by well-known NFT applications such as CryptoKitties, NBA Top Shot, NFL All Day and UFC Strike, among many others dApps, including the Genies NFT avatars project.