Dapper Labs backs art hardware startup Infinite Objects in $6 million seed raise –
Summary
Infinite Objects CEO Joe Saavedra tells TechCrunch they’ve raised $6 million in seed funding from a host of backers including Courtside VC, which led the deal, and NBA Top Shot creator Dapper Labs. Sure, users could watch that looping video on the Infinite Objects website whenever they wanted, but the value was in owning an official copy of that artist’s work. You can see some potential hints in the list of backers in this round, including most interestingly NBA Top Shot creator Dapper Labs. The startup has been building out its own blockchain called Flow and Saavedra was quick to sing its praises in our conversation, noting that it’s more scalable and sustainable than the Ethereum network. Dapper Labs recently announced its first major third-party NFT platform, partnering with avatar startup Genies — another investor in this round — for a digital accessories storefront that’s being launched this summer.