NBA Top Shot has raised $305 million in a round led by the tech-focused investment firm Coatue. For NBA Top Shot, that means selling video highlights—or moments, as it calls them—that are put together by the NBA and sold in packs as a kind of digital sports card. To date, that has amounted to nearly $49 million, according to the pack prices and quantities listed on the Top Shot website. Roham Gharegozlou, CEO of Dapper Labs. “The transaction volume we did in a year we do in a day on Top Shot,” Gharegozlou, 35, says of the difference with CryptoKitties.

Source: Forbes March 30, 2021 12:56 UTC