Dapper Labs raises $11 million to launch Flow, a new blockchain for dapps and collectibles

Andreessen Horowitz leads the round

Vancouver-based Dapper Labs has announced a significant funding round.

Further to the $15 million it raised in November 2018, it’s added $11 million, taking its total funding to over $40 million.

The largest investor was Andreessen Horowitz’s crypto fund with participation from new investors Accomplice, AppWorks, Autonomous Partners, Fenbushi Digital, and Warner Music Group.

Existing investors participating included Union Square Ventures, Venrock, Digital Currency Group, Animoca Brands, SV Angel, Version One, and CoinFund, among others.

Angel investors who participated in this round included William Mougayar, James and Glenn Hutchins, Don Mattrick, and Nanon de Gaspe Beaubien-Mattrick.

Following the Flow

As for Flow, which is due to launch in 2020, it’s described as a “blockchain built from the ground up to support high performance ecosystems of apps and games without compromising decentralization”.

As well as Dapper’s own products such as the forthcoming NBA Top Shot, Animoca Brands and Ubisoft are involved with the project, although they’ve not mentioned what products they will launch.

Also interesting is the inclusion of Warner Music Group. One user case for Flow will be for “artists or bands using crypto tokens to give music lovers unprecedented new ways to show their fandom”.

You can find out more details at the Flow website.

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