Dapper Labs stock is a still-operational NFT company with a claim to fame in that it nearly brought the Ethereum blockchain to a standstill. This was made feasible by its Cryptokitties project, which increased network demands by a factor of six.
However, Dapper Labs has now acquired lucrative relationships with the NBA, UFC, NFL, and many others, in addition to developing their own blockchain dubbed Flow.
But how do you buy Dapper Labs stock? Continue reading to learn everything there is to know about investing in dapper labs stock and Fractional Share Investing.
Basics of Dapper Labs Stock
First, let’s go over the fundamentals of the Dapper Labs stock and go over some of the most crucial points for you as a possible investor.
Dapper Labs has raised $613 million in seven fundraising rounds, with a current valuation of $7.6 billion. Furthermore, the corporation developed their own blockchain, Flow, which has a market cap of $541 million; the company also launched a $725 million ecosystem fund to support innovation and development.
Dapper Labs stock, on the other hand, is not publicly traded because it is not traded on any exchange. This is because the company is still private, and there is no talk of an IPO, therefore it will not be available anytime soon.
However, this does not imply you are without options; continue reading to learn how to buy in Dapper Labs stock and swing trading stocks.
History of Flow – A Dapper Labs Developed Company
The origins of Flow can be traced back many years to the establishment of Dapper Labs. Dapper Labs first appeared on the market in 2018. The development firm focuses on offering the market with NFT and decentralized gaming choices. Notably, in August 2020, the lab concluded a $12 million investment round with involvement from numerous well-known NAB players, including Andre Iguodala and Spencer Dinwiddie.
Dapper Labs sparked the NFT trend in 2017 when it released the popular NFT game Cryptokitties. Cryptokitties allows users to gather NFTs that show cats with specific characteristics. Cryptokitties can be bred by users to generate uncommon and unique items. The game’s popularity was a double-edged sword because it caused significant congestion on the Ethereum network, resulting in exorbitant fees.
Rather than dealing with another congestion-related issue, the Dapper Labs team chose to start from scratch and create a customized blockchain centered on the capabilities they required the most. This move coincided with the company gaining a large deal with the NBS to create and support NBA Top Shots. Flow was up and running within a year after signing the agreement.
Buying Dapper Labs Stock as an Accredited Investor
If you are a US resident who qualifies as an accredited investor, you have access to a variety of fascinating investments, including the opportunity to invest in private, pre-IPO companies like Dapper Labs through Equitybee.
Equitybee is a platform designed specifically for accredited investors who wish to invest in companies before they go public, allowing you to invest in private companies without going public.
However, you must invest a large sum of money in one location, which is beyond most investors’ risk tolerance. Furthermore, Equitybee allows you to finance employee stock options with a minimum investment of $10,000, and in the event of a successful liquidity event, you will receive a part of the profits.
Buying Dapper Labs Stock as a Retail Investor
As a retail investor, you may be wondering how to buy Dapper Labs stock, but the answer is unsatisfactory because Dapper Labs stock is not available to retail investors, and no meaningful conversations about the company’s IPO have taken place.
However, this does not rule out the possibility of profiting from the NFT market, since there are numerous other ways to invest in Dapper Labs Stock.
1. Through Dapper Labs Partners
Dapper Labs’ most valued partners are Warner Music and Ubisoft, both of which are listed on Euronext Paris. WMG is currently a buy, according to certain analysts, and investing in it will mirror Dapper Labs’ success.
Beyond that, there are two additional businesses to consider: Nvidia and AMD. Both of these companies produce hardware for blockchain infrastructure as well as graphics processing units for gaming. Furthermore, both of these firms have made investments in the blockchain industry.
2. Through NFT Companies
Another way to invest in Dapper Labs is to invest in other NFT firms. Because Dapper Labs is still relatively young, and the area of NFT is dynamic, growth is not concentrated in a few companies.
One alternative is to invest in eBay, which is not only the oldest online marketplace still in operation, but also appears to be keeping up with emerging trends. Furthermore, in 2022, this online commerce behemoth acquired NFT marketplace KnownOrigin and is still employing Web3 developers, indicating that they are continuing to expand in this route. Also, eBay has begun to launch its own exclusive NFT collections.
In addition, the corporation has already stated that it is interested in bitcoin integration, but there is no timetable.
Another way to invest in NFT is through the firm DraftKings, which recently purchased Scarcity Labs and joined the NFT industry with its own marketplace based on the Ethereum blockchain.
Is Dapper Labs Stock Entering the Stock Market?
Dapper Labs was created in Vancouver, British Columbia, in 2018, but it has lately risen to prominence thanks to its popular creation, NBA Top Shot.
When it comes to investing in Non-fungible tokens (NFT) alongside cryptocurrencies, Dapper Labs is in the forefront. Furthermore, the business’s objective is to assist blockchain technology in realizing its real-world potential, and the company thinks that blockchain will transform how people use and interact with digital worlds.
But when will Dapper Labs stock be available for purchase? The truth is that they began with NBA Top Shot, the world’s largest decentralized application. The NBA Top Shot allows users to own and sell NBA highlights, and you can see that demand is rising, with investors salivating over a prospective Dapper Labs IPO.
Is Dapper Labs Owned by Google?
Nope. While Alphabet’s (AKA Google’s) venture capital arm, Google Ventures, did participate in the company’s series A and series D fundraising rounds, this is far from full ownership.
Dapper Labs has also received funding from athletes and celebrities such as Will Smith, Ashton Kutcher, Michael Jordan, Kevin Durant, and others.
To put Google’s investment in the company into context, the series A funding round raised $12.9 million from 29 investors, while the series D round raised $250 million from 10 investors. We don’t know the specifics, but Google is unlikely to have a substantial interest.
Dapper Labs stock has intriguing potential, and if you are an accredited investor, you may look into it on Equitybee. Furthermore, if you are a retail investor, you can wait for the company’s IPO and investigate some of the other NFT investment prospects listed in this article.
1. How do I purchase Dapper Labs stock?
Currently, ordinary investors cannot purchase Dapper Labs shares. Accredited investors, on the other hand, can utilize Equitybee to fund employee stock option plans.
2. How much does Dapper Labs stock cost?
Because Dapper Labs is not yet publicly traded, it is impossible to determine the stock’s value.
3. What is the ticker symbol for Dapper Labs?
Dapper Labs does not yet have a stock symbol because the company has not yet gone public.
4. Who is the owner of Dapper Labs stock?
Companies that have invested in and own shares in Dapper Labs, in addition to the founders (Roham Gharegozlou, Dieter Shirley, and Mack Flavelle), include Coatue, and Andreessen Horowitz.