Michael Jordan, Will Smith Join $305M Funding Round For NBA Top Shot Maker Dapper Labs

NBA Top Shot maker Dapper Labs has secured about $305 million in new funding round from investors.

According to a report by Business Insider on Tuesday (March 30), past and present NBA stars like Michael Jordan, Alex Caruso, and Kevin Durant participated in the funding round. Other investors included The Chernin Group and Will Smith’s venture capital outfit Dreamers VC.

With this latest funding round, Dapper Labs now reportedly holds a $2.6 billion valuation. As previously reported by Cointelegraph, NBA Top Shot had grossed $230 million in sales as of the end of February.

Indeed, the NBA Top Shot boom is part of the current interest surrounding non fungible tokens, or NFTs. Earlier in March, an NFT collector reportedly refused a $1 million offer for an NBA Top Shot NFT originally acquired for $100,000 back in January.