SILVER SPRING, Md. -- Canadian blockchain technology company Dapper Labs has secured $305 million in private funding -- some of it from current and former NBA players, including Michael Jordan -- to scale up its virtual NBA trading card site, the company said Tuesday.
Vancouver, British Columbia-based Dapper says NBA Top Shot has rung up $500 million in sales and registered more than 800,000 accounts since its public beta testing phase began in October.
The virtual cards come in the form of a floating digital cube that includes a video highlight of an NBA player and come with a nonfungible token (NFT), backed by blockchain technology, certifying its authenticity and scarcity.