Dapper Labs partners with Circle to bring USD Coin to flow as a settlement solution to its dapps and games with NBA Top Shot as we read further in today’s USD Coin news.
The licensed game brought in $2 million in revenue since June during its beta testing as the announcement that Dapper labs partners with Circle to enable credit and debit card payments that settle in USD coin starting with the officially-licensed NBA Top Shot game. Decentralized apps and games that run the Flow blockchain will be opened to the mainstream audiences which can pay for digital collectibles with more traditional options rather than just cryptocurrency.
USD coin is a regulated stablecoin which is both backed by a 1:1 basis with the US dollar. It’s used by banks in more than 80 countries that have 2 billion USDC now in circulation and $115 billion that is transacted on-chain to this date. The partnership already started with NBA Top Shot as the Dapper Labs digital collectibles game which is in beta testing. Along with being a major license, it has helped raise the profit of the CryptoKitties developer with a few NBA players joining in on the farm’s recent $12 million investments.
According to a Dapper Labs representative, NBA Top Shot purchased in $2 million in revenue since June during the closed beta test across 58,081 transactions. USDC integrations were present in the beta version as the representative and could help expand the market for the game as it is opening up to the public:
“Dapper is a true pioneer in media and entertainment seizing decentralized blockchain technologies to provide consumers with experiences never before possibl. We are proud to be part of the story, enabling Dapper customers to fully participate in unique and highly engaging digital game economies with familiar methods of sending and receiving payments, while also getting the benefits of digital currency.”
Dapper Labs is known the most as the creator of the popular crypto game CryptoKitties which is an innovative crypto game that crashed Ethereum early in its lifespan. CryptoKitties started switching to Flow, which will also house other upcoming projects such as the Dr. Seuss digital collectibles.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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