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The Venture Codex

Dapper Labs

565 Great Northern Way, Suite 600, Vancouver, BC, V5T 0H8, Canada

Overview

Dapper Labs, the company behind NBA Top Shot, uses blockchain technology to bring NFTs and new forms of digital engagement to fans around the world. Since it was founded in 2018, Dapper Labs has given consumer enthusiasts a real stake in the game by bringing them closer to the brands they love, building engaged and exciting communities for them to contribute to, and producing new pathways for them to become creators themselves.

Total investments
43
Lead investments
3
Investments · 12mo
0
Active investors
8

Sector focus

  • Blockchain
  • Collectibles
  • Decentralized Finance (DeFi)
  • Non-Fungible Token (NFT)
  • Software
  • Virtual Goods
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Investment portfolio

  • Mocaverse

    Participated · Equity · Dec 2023

    Mocaverse is the flagship Web 3.0 project of Animoca Brands. The project is positioned to drive consumer adoption of cryptocurrency. According to the article, Animoca Brands secured an additional $10 million for Mocaverse. The funding is described as aimed at boosting consumer crypto adoption. The article does not provide operating metrics or further financial details. Mocaverse is positioned as an interoperable meta experience layer for Web3 identity, social, and growth, with a focus on a loyalty system called the Web3 Frequent Player Program. It centers on Moca ID, a digital passport that lets users earn, accrue reputation, and redeem Realm Points for exclusive benefits. The program is intended to be permissionless and progressively decentralized to enable third‑party adoption and integration of Moca ID. Mocaverse is seeded by Animoca Brands’ network, citing more than 400 portfolio companies and a partner network with over 700 million addressable users. The project has received staged funding from Animoca Brands, including a previously announced US$20.0 million tranche and an additional US$11,888,888 tranche, with capital issued via new ordinary shares at A$4.50 per share and accompanying token warrants. Participating investors in the recent tranche included Block1, OKX Ventures, Foresight Ventures, Polygon Ventures, Dapper Labs and others. Mocaverse is Animoca Brands' flagship membership NFT collection of 8,888 unique beings called 'The Mocas.' The project focuses on building tools to empower products in gaming, culture, and entertainment verticals and to enable users to create digital identities, collect reputation, and earn and spend loyalty points. Animoca Brands announced a $20 million raise to accelerate Mocaverse and advance product development. Planned initiatives include launching Moda ID, a non‑transferrable NFT collection designed to let users develop their on‑chain identities and participate in the Mocaverse ecosystem. The funds will also be used to facilitate Web3 adoption and secure partnerships to expand the gaming, culture, and entertainment ecosystem tied to Animoca Brands' portfolio. The project is positioned as part of Animoca Brands' broader Web3 investment strategy.

  • Metalink

    Participated · Seed · Mar 2023

    Metalink provides a token-gated mobile and web platform where NFT holders connect wallets to access one chat per collection, aggregate announcements, and track portfolio performance with live floor-price and rarity data. The app launched on the Apple App Store as a complement to Metalink’s website, which has already connected with 100,000 crypto wallets. Metalink began in August 2021 as a private chat app for CryptoPunks collectors and expanded to host official chatrooms for blue-chip projects like Bored Ape Yacht Club. The company plans to add transaction functionality later this year so users can buy, sell, and swap digital assets directly within the app. Metalink’s vision is to replace fragmented Web2 messaging and multiple marketplaces with an all-in-one Web3 experience. The platform emphasizes wallet-based verification to ensure chats are limited to token holders.

  • Spexi

    Participated · Seed · Oct 2022

    Spexi develops earth imagery technology using automated drone systems and autopilot software to capture standardized ultra-high-resolution aerial data. The company operates a blockchain-based "Fly to Earn" network that pays onboarded drone pilots to fly automated paths with sub-250g drones across 24-acre hexagonal plots. Its dataset is used to train AI models and supports applications including disaster preparedness, smart city planning, infrastructure inspection, resource monitoring, and gaming. Since closing its Seed round in late 2022, Spexi has expanded into Canada, the USA, the UK, and Mexico, imaging over 140 cities and capturing more than 1.2 million acres. The company intends to use the Series A funds to expand operations and development efforts. Bill Lakeland leads the company as CEO. Spexi, led by CEO Bill Lakeland and based in Vancouver, offers a software platform to plan autonomous drone flights, task drone pilots, and process aerial imagery into actionable and shareable insights using AI and computer vision. The company is building Spexigon, an aerial-imagery marketplace that lets operators earn rewards by collecting and uploading drone imagery; contributors are to be paid in dollars and a new cryptocurrency called $SPEXI. Spexi processes imagery to identify high-risk areas — for example, projects with the Canadian Federal Government are underway to image forests prone to wildfires and detect dry areas likely to ignite. The platform targets multiple use cases including building inspections for insurance underwriting, construction project management, infrastructure maintenance, surveying and mapping, urban planning, and real estate marketing. The company plans to use new funding to expand operations, accelerate development, and grow its business reach.

  • Revolving Games

    Participated · Equity · Sep 2022

    Revolving Games is a Los Angeles-based Web3 game development studio founded in 2020 that has spent two years building game-publishing tools to build and launch Web3 titles. The studio develops decentralized games in-house and with global franchise partners and is investing in technology to facilitate decentralized player-owned trading economies across games. It revealed its first product in June, a Battlestar Galactica-themed blockchain game developed with Gala Games and NBCUniversal, with additional details due in the fourth quarter. Its second title, Skyborne Legacy, is a Polygon-based social world and trading role-playing game with an official announcement scheduled for October 4. Revolving Games raised capital to scale decentralized game experiences and partner projects. Other strategic partners and investors include Animoca Brands, Polygon, Dapper Labs, and advisor Dan Houser.

  • NFT Genius

    Led · Series A · Aug 2022

    NFT Genius builds experiences and marketplace technology for NFTs, including Gaia, a secondary market for sports, entertainment, art, and culturally relevant digital collectibles. The company has created global NFT collections such as Ballerz and partnered with athletes and artists including Shareef and Shaquille O’Neal, golfer Bryson DeChambeau, WNBA’s Kelsey Plum, and Duncan Robinson. Founded by Jeremy Born, Kurt Braget, and Karl Meier, the company is based in Los Angeles, CA. NFT Genius closed a $10.5M Series A at a $150M valuation. The company intends to use the funds to expand beyond sports into broader entertainment and culture deals and to scale the Gaia marketplace to support thousands of companies and brands reaching mainstream consumers. Anuke Ganegoda of Dapper Labs will join as a board observer, and past seed investors include Mark Cuban, Anthony Pompliano, Sound Ventures, and HOF Capital. NFT Genius is developing a music-focused NFT marketplace and immersive-experience platform built on Dapper Labs’ Flow blockchain. The marketplace is still under production; the company says it will create a verticalized destination for interactive fan experiences and meaningful virtual connections. While primarily focused on music, NFT Genius expects to expand NFTs into sports, gaming and comedy. The company released a Bitcoin-themed NFT collection in fall 2020 that included a cross-platform treasure hunt for a 1 BTC prize. NFT Genius raised $4 million in a seed round and is betting on immersive, collectible NFT experiences despite a recent market cooldown. The team positions NFTs as a way to restore collectibility and deepen artist-fan storytelling.

Team