• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

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

September 28, 2021 by David Barret Leave a Comment

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

Gharegozlou and the team at his startup, Dapper Labs, shipped the blockchain world’s first popular game, CryptoKitties, back in 2017. The startup then launched NBA Top Shot late last year, and it promptly caught fire and brought worldwide attention to the crypto collectibles space.

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

“I knew it would be fast, but NBA Top Shot went from 4,000 to 400,000 users in a matter of weeks,” Gharegozlou said.

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

“For the first year or year and a half of Dapper Labs, we spent about $30 million trying to build on Ethereum. We built Dapper Wallet — the user experience you see on Top Shot, we tried building it on top of Ethereum,” he says. “We realized there are multiple issues. There’s cost, there’s scale, there’s throughput, there’s all these things, but fundamentally, it’s all about user experience. The user experience that you build for when you’re designing a protocol and blockchain for financially sophisticated traders or very hardcore DeFi things, those aren’t the same trade-offs that you want when you’re building for consumer applications.”

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

David Barret
David Barret

Related posts:

  1. EU to mull changes to budget rules, debt, green investment in focus
  2. Libyan interim PM says to visit Tunisia on Thursday amid tension
  3. Taliban say no al Qaeda or ISIS in Afghanistan
  4. With Gucci bags and Dyson appliances, Evergrande wooed retail investors

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • How Much Of The Sun’s Radiation Is At Wavelengths We Can See?
  • Alcohol And Dementia Risk: There Is No Safe Level Of Drinking
  • Interstellar Object 3I/ATLAS May Have Been Caught In Perseverance Rover Photo
  • Friendly Falkland Islands “Wolf” Was Actually The Last Stronghold Of A Fox Domesticated In South America
  • Wolf-Dog Hybrid Found In Greece For First Time, Marking A New Twist In Wolves’ Return To Europe
  • Nobel Prize-Winning Physicist George Smoot, Who Made The First “Baby Pictures” Of The Universe, Dies Aged 80
  • The Most Powerful Odd Radio Circle’s Intersecting Rings Are Giving Us The Finger
  • Over $1 Million Of Shipwrecked Gold and Silver Coins Recovered From Florida’s Coast
  • Astronaut Don Pettit Shares Image Of The “Belt Of Venus” From The International Space Station
  • Deathwatch Beetles: Bad Omens In The Night? Nope, They’re Just Horny
  • Why Do So Many Nobel Laureates Develop “Nobel Disease”?
  • Does The Moon Affect The Menstrual Cycle? Yes, New Study Claims
  • The Second Closest Asteroid Flyby Of Earth Ever Recorded Just Whizzed Over Antarctica
  • New Theory Reveals Shackleton’s Legendary Ship “Endurance” Was Doomed To Sink In 1915
  • Revolutionary Discovery In Immune System Regulation Leads To Nobel Prize In Medicine Win
  • These May Be The First Animals To Evolve On Planet Earth, Skin Cells Have Been Used To Create Fertilizable Eggs, And Much More This Week
  • The Largest Eagle To Ever Live Had A 3-Meter Wingspan And Ate Moa For Lunch
  • “Tangy And Herbaceous” Yogurt Made With Forest Ants – And They’re Not For Extra Protein
  • This Bizarre Jurassic Reptile Is A Weird Mix Of Snake And Lizard
  • Mummified Cheetahs, Skin Cells Turn Into Eggs, And Almost Life On Enceladus
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version