Home » Flow blockchain got over $1 B in NFT sales

Flow blockchain got over $1 B in NFT sales

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June 8, 2022June 8, 2022
Flow blockchain got over $1 B in NFT sales

FLOW Blockchain recorded $1 Billion in NFT Sales, Flow proceeds to pass over non-fungible token (NFT) milestones after attaining new landmarks to fulfill one of the top five largest blockchains by sales amount. The post FLOW Blockchain recorded $1 Billion in All-Time NFT Sales occurred first on BeInCrypto.

What is Flow?

Flow is a quick, decentralized, and friendly developer blockchain, constructed as the organization for a new production of games, apps, and the digital properties that strengthen them. Flow is the only layer-one blockchain initially established by a committee that has always transmitted considerable customer blockchain background: CryptoKitties, Dapper Wallet, NBA Top Shot.

FLOW token

The FLOW token (“FLOW”) is the native currency for the Flow system and the keystone for a recent, unconditional, and no border digital economy. If Flow is the digital infrastructure, the FLOW token is the energy that powers the system. FLOW is the currency expected for the system and all the applications the cap one of it to process. FLOW is constructed as a fee technique and a long fund property for the whole Flow economy. The token is utilized by validators, creators, and users to contribute to the FLOW system and receive bonuses. It is also utilized for payments and to contribute to coming protocol administration.

The Flow ecosystem

Flow is a blockchain constructed from the ground up for mainstream adoption and is the only blockchain that creates abilities modifications into the strategy layer. Top creators and some of the world’s biggest brands are already creating on Flow, permitting entirely new occasions with the top-tier subject.
Flow has an affluent ecosystem encompassed essential fun brands, improvement studios, and venture-backed startups. Flow ecosystem members encompass transnational IP brands such as Warner Music, Ubisoft, NBA and UFC; instructing game creators, encompassing Animoca Brands, Sumo Digital and nWay; administrators in crypto, such as Circle and Binance; as well as various important programs among the next production of high-growth startups, like Opensea.

Flow’s producers
Dapper Labs was the actual producer behind Flow blockchain as well as Cryptokitties, Dapper, and NBA Top Shot. Established in 2018, Dapper Labs utilizes a blockchain system to give rise to new aspects of digital arrangement for users around the planet. Blockchain-enabled applications can give rise to enthusiasts nearer to the brands they adore, give people an actual chance in the populations they participate in, and establish modern kinds for customers to fulfill producers themselves. Publicly declared Dapper Labs supporters contain the NBA and NBPA, Warner Music Group and UFC. Significant investors in Dapper Labs like Andreessen Horowitz, Union Square Ventures, Venrock, Google Ventures, Samsung, and the founders of Dreamworks, Reddit, Coinbase, Zynga, and AngelList, among others.

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