This Week in Startups Dapper Labs CEO Roham Gharegozlou on powering NFTs, NBA Top Shot, & CryptoKitties | E1197
Apr 13, 2021
Roham Gharegozlou, CEO of Dapper Labs and a pioneering force in the NFT space, shares insights on transforming digital collectibles with platforms like NBA Top Shot and CryptoKitties. He discusses the challenges and triumphs of building these popular products, emphasizing real-time user feedback and the evolution of digital ownership. Roham delves into the complexities of rights management, the importance of community in NFT ecosystems, and the potential for smart contracts to revolutionize digital transactions. This engaging conversation dives deep into the future of NFTs and their cultural impact.
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Securing the NBA Partnership
- The NBA, known for being tech-savvy, partnered with Dapper Labs after a year of discussions and data sharing.
- Dapper Labs showcased CryptoKitties' high retention rates and the Flow blockchain's scalability to secure the deal.
NFT Royalties
- The NBA Top Shot marketplace has a 5% fee on all transactions, a portion of which is shared with the NBA and Players Association.
- Unlike traditional collectibles, NFTs offer perpetual royalties, ensuring ongoing compensation for creators.
NFT Ownership Rights
- Owning an NBA Top Shot NFT is similar to owning a trading card; you can resell it but not commercially exploit the content.
- Dapper Labs envisions NFTs as verifiable digital ownership markers, enabling seamless integration across platforms.