Blockchain company Dapper Labs has announced that it will receive $ 305 million in funding.

The investment will be made by one of the largest American venture capital companies, Adreessen Horwitz.

Daper Labs is the company responsible for the FLOW blockchain protocol, the CryptoKitties and Cheeze Wizards collectibles, the NBA and UFC Top Shots, and the decentralized Dapper app.

Dapper Labs has a partnership with Warner Music and was the one who launched the NFTs of the rock and roll band MUSE.

The investment is considerable, however, justified.

NBA Top Shots alone earned more than $ 400 million in primary and secondary sales in just six months.

With the NFT market booming, Top Shots and frames from collectible videos from both the NBA and the UFC in limited editions have become an important financial market for Dapper.

Buyers of Dapper's Top Shots can prove their authenticity, in addition to being able to display them on social networks, and also market them on NFT trading platforms.

Another interesting point is that since they are NFTs, NBA players and UFC fighters themselves can receive percentages of the resale of non-fungible tokens, with the entire process recorded in the smart token contract.

Dapper believes that other sports leagues will soon enter the world of NFTs.

The Flow protocol blockchain alone has more than 1.3 million user accounts and more than 100 well-known developer groups in the crypto community.

These are the fundamentals that make Adreessen Horwitz make this investment in the company Dapper Labs.