Dapper Labs Joins Forces with Google to Support Flow Blockchain
Google has teamed up with Dapper Labs to assist the platform to scale the Flow blockchain. Dapper Labs is reputable for creating the NBA Top Shot NFT marketplace. It is also behind the Flow Blockchain.
With this partnership, Google will allow Flow nodes to run on its lower latency cloud service. Some of the applications operating on the Flow Blockchain include NBA Top Shot and CryptoKitties. The two platforms have enjoyed immense growth this year.
Move to Achieve Sustainable Growth
The vice president of Google Cloud in the US, Janet Kennedy, stated that the partnership would enable Dapper labs to achieve growth, as blockchain technology was fast-gaining adoption and becoming mainstream.
“Blockchain technology is becoming more and more mainstream. So companies like Dapper need scalable, secure infrastructure to grow their business, and even more importantly, support their networks,” said Kennedy.
The partnership contract will run for several years. However, Dapper Labs is free to seek hardware and network services outside of Google Cloud. The Flow node operators that will now run on Google’s cloud services will boost the blockchain’s scalability to help it keep up with growth.
The CEO of Dapper Labs, Roham Gharegozlou, has been an agile supporter of blockchain technology. “What you’re seeing on blockchain today is the iPhone moment where consumers are starting to understand what’s going on,” he said. Gharegozlou also added that there was much opportunity in blockchain to build anything.
Despite the move being good for the Flow blockchain in terms of scalability and efficiency, it has raised concerns about over-reliance on Google Cloud. This might create an issue of centralization; hence Dapper Labs is faced with the task of explaining to its users how much of the network will be running on Google’s cloud.
Dapper Labs Boom in NFTs
Dapper Labs is among the most popular companies in the NFT and digital asset collectables sector. The company launched the NBA Top Shot NFT marketplace last year, and the platform has enjoyed immense growth. The company currently has a valuation of over $7.5 billion.
The NBA Top Shot is a marketplace where basketball fans can sell rare moments captured on the court. The firm has made over $750 million in sales for these basketball moments. The user base has also grown to over one million members.
Recently, Gharegozlou stated that the platform would soon launch an NFT dedicated to the Women’s National Basketball Association (WNBA). The WNBA moments will be sold on the Top Shot NFT platform.
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Author: Ali Raza