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Dapper Labs with its diverse partners will undoubtedly help accelerate Sportium on its growth path towards becoming a dominant platform where various sports and pro leagues can easily enter the crypto sphere.
Sportium, a fast-growing multi-faceted sports Non-Fungible Token (NFT) platform that nurses the goal of bringing traditional sports to the Metaverse has announced its recent strategic partnership and investment from Dapper Labs. As announced by the blockchain startup, it also completed an investment round from Dapper Labs but the funds raised were undisclosed. This funding round follows an earlier fundraiser that was led by Libertus Capital, with participation from Animoca Brands, and Folius Ventures.
The partnership with Dapper Labs also involves a signed MOU that will see Sportium build out its multi-sports NFT platform on the Flow mainnet. Sportium has a lot to gain from Dapper Labs as the latter company has distinguished itself for successfully running a series of NFT projects within the past 4 years.
Dapper Labs was the team behind the CryptoKitties project as well as the NBA Top Shot platform, both of which remain one of the most revered pioneering projects in the entire NFT space.
“Ever since the first moment we were introduced to the Sportium team and their vision, they never cease to impress us with the team’s engineering and execution capabilities. Combined with our know-how coming from experiences operating NBA Top Shot and our other successful NFT projects, we have a strong conviction that Sportium could be something of tremendous potential to make a dent in the NFT industry,” the announcement reads.
The series of funding Sportium has received thus far will help in giving it a new face-lift as it works its way up in the highly competitive world of NFT and decentralized gaming. According to the firm, “this new financial and strategic partnership will further reinforce Sportium’s endeavors to become the global leading marketplace and ecosystem to play with, trade, and earn sports NFTs.”
Sportium and Dapper Labs Partnership: An Example of Strategic Alignment in View
The NFT and metaverse ecosystem is just shaping up and beyond the innovation that new players are coming up with, the nature of strategic partnerships inked by these startups is a determining factor of how fast and well they will grow.
In the case of Sportium and Dapper Labs, the partnership is thoughtful as Dapper Labs brings to the table the experience of developing and operating the most successful sport NFT marketplace in the world, serving as the right model for the former company. The nature of partners and funding a startup receives will also determine its acceleration mode.
The metaverse is projected to be a multi-billion dollar industry in a few years with predictions that mainstream traditional game developers are poised to wade into the space in the near term. Based on these projections, a number of Venture Capitalists are looking for avenues to fund startups committed to championing this future.
Dapper Labs with its diverse partners will undoubtedly help accelerate Sportium on its growth path towards becoming a dominant platform where various sports and pro leagues can easily enter the crypto sphere and create fan communities built around officially licensed intellectual property (IP).