NBA Top Shot creator on the NFT craze

NBA Top Shot creator on the NFT craze and why Ethereum still isn’t consumer friendly

Roham Gharegozlou has for years it has been betting on the potential success of NFTs. This year it happened.

Gharegozlou and the team of his startup, Dapper Labs, launched the world’s first popular blockchain game, CryptoKitties, in 2017. The startup then launched NBA Top Shot late last year, and it quickly caught fire and attracted the crowd. global focus on the space of cryptocurrency collectors.

We caught up with the CEO of Dapper Labs at TechCrunch Disrupt 2021 last week to discuss the challenges facing the crypto space, the future of Ethereum, and how fast NFTs have exploded this year.

“I knew it was going to be fast, but NBA Top Shot went from 4,000 to 400,000 users in just a few weeks,”; said Gharegozlou.

Top Shot’s success has made Dapper Labs a venture treasure: the company announced a $ 250 million funding round last week, reaching a valuation of $ 7.6 billion. The huge valuation isn’t just a bet on Top Shot’s continued success, it’s also a nod to the potential of the platform Dapper Labs is building for other consumer-oriented blockchain developers. The startup built its own blockchain, called Flow, circumventing the popular Ethereum blockchain, on which the vast majority of successful NFT platforms live today. Dapper Labs is betting it won’t be that long.

“For the first year or year and a half of Dapper Labs, we spent about $ 30 million trying to build on Ethereum. We created Dapper Wallet: the user experience you see on Top Shot, we tried to build it on Ethereum “, he says.” We realized that there are more problems. There is the cost, there is the scale, there is it’s throughput, there are all these things, but basically, it’s all about the user experience. The user experience you create when you design a protocol and blockchain for financially sophisticated traders or very difficult DeFi stuff, these are not the same trade-offs you want when building for consumer applications.

Published By : Tech Crunch

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