Dapper Labs is one of the hottest silicon valley startups, backed by top tier investors like a16z (Andreessen Horowitz), GV (Google Ventures), Samsung, and Endeavour.
So, whats the hype about, and why should you care?
Dapper Labs has developed their own gaming centric blockchain called Flow. It is designed to sustain decentralised gaming projects that require low latency connections. If they are able to create global adoption for this project this will be a massive development and evolution for modern gaming as we know it.
This is because gaming is one of the few industries where decentralisation has incredibly revolutionary and practical use cases. Online gaming as it stands today relies on large servers in each geographic zone. This is an incredibly energy intensive and impractical way to handle the traffic and predicates on data travelling large distances to be processed and then being sent back. It also puts an immense amount of strain on the power grid where these servers are located. If you decentralise the infrastructure it makes it far easier to sustain the network and removes the stress on both the power grid and the network infrastructure.
There are currently a wide array of projects already being used or developed on Flow. This Includes projects by the NBA, NFL and UFC and several projects that are in development including one with the La Liga. And this brings me to Dapper Labs' other killer product.
Dapper Labs has developed a backend platform for these sports leagues to use that essentially helps them create Digital Sports Cards. This takes the current landscape of sports cards collecting to a whole new level.
It essentially allows fans to buy a video NFT of their favourite moment from a match. They also allow people sell their NFT's on the marketplace.
This is revolutionary for a variety of reasons, the biggest being that the sports league and players now get a cut from the secondary market sales of a card. It also removes the issue of having to get your cards verified or graded since everything is authenticated by the ledger on the blockchain and also makes it incredibly easy for people to share their collections with the world.
Dapper Labs' execution of these projects has only further solidified that Digital Collectibles are here to stay and are slowly becoming a mainstay in culture. And with Dapper Labs currently cornering the market it is certainly a company to keep your eye on.
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