Dapper Labs

Dapper Labs, based in Vancouver, Canada, is a prominent blockchain technology company best known for creating popular NFT platforms like NBA Top Shot and CryptoKitties. Beyond its product development, Dapper Labs also operates as a strategic investor, primarily through its investment arm, Dapper Labs Ventures.

In March 2022, Dapper Labs Ventures announced the establishment of a substantial $725 million Flow Ecosystem Fund. This fund is specifically designed to foster growth and innovation within the Flow blockchain ecosystem, supporting companies and developers building applications across various sectors, including gaming, decentralized finance (DeFi), infrastructure, and non-fungible tokens (NFTs).

The investment strategy of Dapper Labs Ventures is deeply intertwined with the expansion and adoption of its proprietary Flow blockchain. They seek to back projects that leverage Flow's capabilities, aiming to create a robust and diverse ecosystem. The fund's typical investment range for projects building on Flow is stated to be between $100,000 and $10 million, providing crucial capital for early-stage and growth-stage companies. This strategic investment approach underscores Dapper Labs' commitment to not only developing its own consumer-facing products but also nurturing the broader Web3 landscape built upon its technology.