NBA Top Shot maker Dapper Labs lays off 22% of workers
Summary
9 on the 2022 CNBC Disruptor 50 list, is the latest blockchain- and web3-focused company that has gone through layoffs amid the ongoing crypto winter that has seen the prices of nearly all digital assets plummet. "We know web3 and crypto is the future across a multitude of industries — with 1000x potential from here in terms of mainstream adoption and impact — but todays macroeconomic environment means we arent in full control of the timing," Dapper Labs Founder and CEO Roham Gharegozlou wrote in a message to employees on Wednesday night. Launched in 2018, Dapper Labs made its way onto the scene via its NBA Top Shot platform, which lets users buy, trade and collect basketball highlights in the form of NFTs. That helped Dapper Labs raise $250 million in a September 2021 funding round led by Coatue, which valued the company at $7.6 billion. Sign up for our weekly, original newsletter that goes beyond the annual Disruptor 50 list, offering a closer look at list-making companies and their innovative founders.