Up-and-coming non-fungible token (NFT) platform Sportium has announced the successful completion of Dapper Labs’ investment by signing a bilateral letter of intent as the two pursue a strategic partnership to help Sportium realize its potential.
According to the announcement, Sportium will use the Flow blockchain platform as the basis for the launch of its multi-sport NFT platform. Leverage Dapper Labs’ expertise in successfully deploying and managing the CryptoKitties and NBA top shot platforms, the Sportium team sees the bigger company as the best option to help them meet their growth projections.
“From the first moment we were introduced to the Sportium team and their vision, they have impressed us again and again with the engineering and execution skills of the team. In combination with our know-how from the experience with NBA Top Shot and our other successful NFT projects, we are firmly convinced that Sportium could have enormous potential to gain a foothold in the NFT industry, ”says the Announcement taking into account the comment from Dapper Labs.
Although the funding secured by Dapper Labs was not disclosed, it followed an earlier round led by Libertus Capital, Animoca Brands, and Folius Ventures, all of which Sportium will feed into the development of its brand in the NFT gaming and Metaverse ecosystem.
“This new financial and strategic partnership will further strengthen Sportium’s efforts to become the world’s leading marketplace and ecosystem for playing, trading and making sports NFTs. Dapper Labs brings the experience of developing and operating the most successful sports NFT marketplace in the world, ”said the Sportium team, explaining its plans with the multitude of bonds it has created lately.
Sportium is widely recognized as one of the latest NFT and Metaverse innovators, backed by established brands and venture capital firms, most of which are strategically positioned to be among the core drivers of the future Metaverse that is being envisaged.
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