The Future of [X] is Decentralized
We’ve had a busy few weeks at Dapper Labs: raising $250M additional capital from the world’s top investors; announcing incredible new partnerships with the NFL and La Liga; welcoming Dwyane Wade and celebrating #HBDTopShot by trending all day on Twitter.
Today I’m proud and grateful to announce the most important move yet: the amazing Brud team, creators of Lil Miquela and expert community builders, are joining Dapper Labs in our first acquisition of a venture-backed company. The Brud team will help launch and scale a new business unit –– Dapper Collectives –– with the mission of bringing decentralized organizations (“DAOs”) to the mainstream.
We’ve been following Trevor, Nicole de Ayora (CPO), and Kara Weber (COO)’s work on virtual influencers and the Metaverse since before CryptoKitties –– it’s an honor to work together today. We’ve also been impressed with Trevor’s work more generally in the decentralized ecosystem, including cofounding the $FWB DAO on Ethereum.
From its inception in 2016 until now, Brud has raised over $27 million in venture capital, principally from Sequoia and Spark Capital. As part of this transaction, these equity holders in Brud will also receive Dapper Labs equity as well as FLOW tokens in certain cases — welcome aboard!
By joining forces and creating Dapper Collectives, we will:
- Bring community ownership and collective building to Dapper Labs products –– starting with Lil Miquela and her 10 million fans;
- Build and release open source tools to help other mainstream communities engage in decentralized ownership and governance on Flow blockchain;
- Help the most forward-thinking “web 2” companies decentralize their operations, engaging at the CEO and Board of Directors level to assist in tokenomics as well as technical implementation.
“We’ve been on a journey to create a completely new way of telling stories, together. Our mission is to change the world through community-owned storytelling. Joining Dapper Labs today allows us to accelerate and expand that mission on the fast-growing Flow blockchain, now home to even more of the world’s most compelling IP. With profound gratitude for our Board, amazing partners, best-in-class investors and longtime supporters, I can’t wait for the adventure ahead with the most amazing team in the world.”
– Trevor McFedries, CEO