Chainalysis Brings Leading Compliance Solution to Dapper Labs

Chat With Us
Thanks for your interest! We'll be in touch shortly.
Oops! Something went wrong while submitting the form.

Chainalysis, the blockchain data platform, today announced a long-term partnership with Dapper Labs, creator of CryptoKitties and NBA Top Shot, to leverage Chainalysis products to power their business and compliance decisions. Dapper Labs turned to Chainalysis to obtain a clearer line of sight into the transactions occurring on their platform in order to establish a comprehensive compliance and regulatory management process. 

As the NFT ecosystem undergoes rapid growth and transformation, market leaders like Dapper Labs are bringing new and engaging experiences onto the blockchain to attract more widespread adoption. However, growing consumer access to cryptocurrency requires a careful examination of the funds being used to purchase NFTs and the use of a comprehensive compliance monitoring solution that can help detect and prevent NFT money laundering and market manipulation.

“Ultimately, our team at Chainalysis is preparing for a world where all types of value will flow on blockchains: art, gaming, business transactions, and other other uniquely engaging digital  experiences,” said Jonathan Levin, Co-Founder and Chief Strategy Officer, Chainalysis. “We are excited to partner with a market leader in bringing the world of entertainment onto the blockchain, and look forward to helping Dapper Labs scale its compliance processes as the company pioneers new consumer use cases.”

The two cryptocurrency compliance tools on the frontlines of this partnership – Chainalysis KYT and Chainalysis Reactor – enable companies like Dapper Labs to leverage Chainalysis data to manage a vast set of their current compliance needs. Chainalysis KYT flags risky and illicit activity in real-time, while Chainalysis Reactor enables deeper investigations into those transactions. With these tools, Dapper Labs can gain a deeper understanding of the funds being used to purchase NFTs to combat criminal activity on the blockchain.

“NFTs are one of the most exciting spaces in cryptocurrency, but they will only be successful in the long-term if we can ensure a safe environment for our customers,” said Naeem Bawla, Associate Director of Compliance, Dapper Labs. “We’re thrilled to partner with Chainalysis to keep potential bad actors off our platform, combat money laundering, and at the same time, stay on top of the quickly-evolving local and global regulatory and compliance space. We look forward to partnering with Chainalysis as we bring new digital engagement opportunities to market on the back of the success of NBA Top Shot and CryptoKitties,” stated Lana Schwartzman, Chief Compliance Officer, Dapper Labs.

Read the Full Report

To see our full research on this topic, sign up to receive access to the complete Chainalysis Crypto Crime Report: Decoding hacks, darknet markets, and scams.

Get Access to the Report

Learn more about KYT for Stablecoins & Token Issuers

Monitor transactions across the token’s full lifecycle, from issuance to redemption—and any transaction in between.

Learn More
Thank you! We'll be in touch shortly.
Oops! Something went wrong while submitting the form.
Thank you! We'll be in touch shortly.
Oops! Something went wrong while submitting the form.

We’re growing! Check out our 25+ open roles >

Thank you! We'll be in touch shortly.
Oops! Something went wrong while submitting the form.
Oops! Something went wrong while submitting the form.
Please check your mailbox for a copy of the report.
Oops! Something went wrong while submitting the form.
Next article

Chainalysis Team

Watch Our Exclusive Webinar

Jan 31, 12PM ET

Chainalysis senior economist, Kim Grauer, answers audience questions on our latest research in a recorded webinar.

Watch Recording