Coatue Management led a $305m funding round in Dapper Labs.

Coatue Management, an asset manager, led a $305m funding round in Dapper Labs, an NFT-focused startup. Other strategics participating include The Chernin Group, USV, Version One and Venrock. Michael Jordan, Kevin Durant,and more than 30 other NBA and NFL players and VCs participated in the round. "NBA Top Shot is successful because it taps into basketball fandom – it's a new and more exciting way for people to connect with their favorite teams and players. We want to bring the same magic to other sports leagues as well as help other entertainment studios and independent creators find their own approaches in exploring open platforms. NFTs unlock a new model for media that benefits the fans much more than advertising or sponsorships," Roham Gharegozlou, Dapper Labs CEO.