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TechCheck+ Dapper Labs CEO on the future of NFTs, blockchain & Web3 5/10/22

TechCheck

CNBC

Tech, Cnbc, Disruptors, Business, Faang, Management, Technology, Investing

4.566 Ratings

🗓️ 10 May 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

CNBC's Julia Boorstin spoke with Dapper Labs CEO, Roham Gharegozlou, about the future of NFTs, blockchain & Web3. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Hello everyone. I'm Julia Borsden and I'm so happy to be here for a Tech Tech Plus live stream with Dapper Labs CEO, Roham, Gary Goslu. Thank you so much for talking to us today, Roam.

0:13.0

Thank you for having me.

0:14.0

So Roam, of course, Dapper Labs is known for NBA Top Shot, really bringing NFTs to the mainstream. And today you have a very

0:23.7

big news about the Web Free 3 platform that is the underpinning and the blockchain that's

0:30.8

supporting everything that Dabber Labs does. And that is Flow. And today you're announcing a 725 million

0:36.6

ecosystem fund for the flow ecosystem. Tell us

0:41.1

about the $725 million, who's participating in this, and what will it fund? Yeah, this $725 million is

0:50.2

coming from some of the world's top investors. So what we did was over the last year, we have already invested $40 million in about

0:58.0

120 companies building on flow.

1:00.0

Those companies have gone on to raise over $3 billion

1:03.0

from some of the world's leading venture capital firms,

1:06.0

Andrewsson Horowitz,

1:08.0

Co2 Union Square Ventures, and others.

1:17.4

And so this $725 million fund is basically bringing all of that together and formalizing a commitment from some of the world's largest and most successful VCs to support the flow

1:24.1

ecosystem, the new companies building on top. And so the firms participating are really the who's who of people who are really supportive of Web 3 applications,

1:33.3

not for speculation, but for actually adding real value.

1:35.3

So Andresa Norwitz, CO2, Union Square Ventures, coin fund, Greenfield.

1:41.3

And actually it's an international fund bringing together some of the some folks from

1:46.6

from Europe as well as Asia to make sure to give global coverage.

1:50.8

And this is an initial commitment.

1:53.1

So all of these firms are going to invest above and beyond.

1:57.0

And in many cases already have in companies building on the flow blockchain, including

...

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