Today, Vancouver-based Dapper Labs announced $11 million in funding from Andreessen Horowitz and Warner Music Group, among others. The firm also revealed its latest blockchain platform, named
Flow, aimed at the entertainment industry. Leading video game developer Ubisoft is one of the new partners working on Flow.
Dapper Labs created the popular CryptoKitties app and has since built an engagement-focused collectables game with
the NBA. Now looking to break further into entertainment, backing from Warner Music is a big step in the right direction. The firm is one of the world’s top three recording companies, operating in over 50 countries.
With Flow, Dapper Labs hopes to build blockchain-based games, verify authentic digital collectables, and run fan tokens for music artists and sports personalities. Warner Music represents some of the biggest names in the music industry and could be vital in releasing blockchain fan tokens to the mainstream.
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