Here’s What NBA Top Shot Creator Says About the NFT craze and why Ethereum still isn’t consumer-friendly

This year, Gharegozlou’s gamble on blockchain’s future finally paid off.  Roham Gharegozlou has, for years, supported the use of NFTs and was positive that they would be successful in the future. Gharegozlou and his company, Dapper Labs, shipped the first popular game on the blockchain in 2017. The game is titled CryptoKitties.

Late last year, Dapper Labs launched NBA Top Shot, and its popularity shot through the roof. Top Shot managed to bring worldwide attention to the crypto-collectibles universe.

The CEO of Dapper Labs sat down with TechCrunch a week ago at TechCrunch Disrupt 2021. The meeting aimed at discussing the challenges that the crypto space has been facing. Not only that, but it was also to discuss how NFTs have been on a steady rise this past year, as well as the future of Ethereum.

When asked about these fundamental questions, Roham Gharegozlou said that he knew that the growth of NFTs was going to be fast. He went on further to say that NBA Top Shop actually went all the way up from 4,000 users to 400,000 users within a few weeks. 

Because of Top Shot’s success, Dapper Labs has actually grown to become one of the favorites among venturers. Just last week, Dapper Labs made an announcement of a $250 million funding round that resulted in a $7.6 billion valuation.

The company behind the popular augmented reality game Pokémon Go has raised a whopping $250 million in its latest financing. The round was led by Andreessen Horowitz, with participation from existing investors including Google Ventures and Spark Capital. Dapper Labs is best known for developing AR games like Ingress and Job Simulator. It’s also working on an upcoming virtual-reality version of Minecraft called “Minecraft: VR Edition.”

The startup has managed to build Flow, which is its own blockchain. The flow Blockchain is a decentralized, open-source, and permissionless public ledger that records transactions between users. It was created by the team behind Ethereum in 2015 to solve some of its scalability issues. The main goal of this project is to create an alternative cryptocurrency for use on the internet. This will be done by creating a new type of currency called “Flow” which can then be used as payment within other cryptocurrencies or fiat currencies.

The CEO of the company said that the company has spent close to $30 million during the first year trying to build on Ethereum. That is when they built Dapper Wallet.

The Dapper wallet is a new and innovative way to store cryptocurrency. It’s the first-ever crypto-wallet that allows you to use it as an everyday purse, with all of its features being available on both iOS and Android devices. The Dapper wallet will revolutionize how people manage their digital assets.

Gharegozlou said that when they built the Dapper Wallet, which is the user experience that can be witnesses on Top Shot, they did so in an attempt to build it on top of Ethereum. That is when they realized that several issues needed to be dealt with. These included the cost, throughput, scale, and many other things. 

Fundamentally, it all has to do with the user experience. He further said that the user experienced designed for hardcore DeFi things and protocol and blockchain for financially sophisticated traders should be differnet from that built for simple consumer applications.