Dapper Labs, a creator of non-fungible tokens (NFTs) and the Flow blockchain, has reached a cope with the NFL to create an NBA Top Shot-style market for digital soccer collectibles, in accordance to a report by Sports Business Journal.
Sources advised the publication that the deal makes Dapper Labs the NFL Players Association’s second-largest supply of digital licensing income behind EA Sports’ “Madden” online game franchise.
Just like its basketball counterpart, the NFT market will run on the Flow blockchain and is predicted to be launched throughout the present NFL common season, which wraps on Jan. 9.
Video content material shall be the central side of Dapper’s new mission, simply because it has been for the firm’s prized basketball product, which has traded $780 million price of collectibles to date in 2021.
Dapper Labs closed a $250 million funding spherical on Sept. 22 that valued the firm at $7.6 billion. It comes shortly after Sorare, soccer’s main NFT store, added $680 million to its conflict chest in a funding spherical that valued the firm at $4.3 billion.