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Dapper Labs Leverages Blockchain to Create Digitally 'Verifiable' NBA Highlight Collectables

Dapper Labs, a blockchain startup company that recently inked an agreement with the National Basketball Association, just sold more than $50 million worth of “verifiable video trading cards” in a 30-day span. So reports Yahoo! Finance.

basketball 933173 640The agreement calls for the NBA to choose “the best moments from games and then Dapper Labs verifies how many it wants to publish on its blockchain before selling those moments in so-called ‘digital packs’ that fans can buy on its platform just as fans would buy a pack of trading card,” according to the article. To that end, the digital packs range in price from $9 to $230, and once purchased, fans can store, and eventually sell, their “collectable moments” at whatever price the market demands.

Read the full article from Yahoo! Finance.

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