Flow network developer Dapper Labs has announced that it has launched $725 million in funding to attract more projects to the Flow blockchain, known for its popular Non-fungible token (NFT) collection NBA Top Shot.
Among the investors of the fund, which is prepared to be distributed to developers; Andreessen Horowitz (a16z), Coatue, Union Square Ventures, Greenfield One, Liberty City Ventures and CoinFund is located. In addition, the fund’s projects are currently under development. Flow token announced as given.
so far stated to be the largest ecosystem fund support the fund; gaming, infrastructure, decentralized finance (DeFi) to product developers specified will be given.
Mik Naayem, co-founder of Dapper Labs, said in a statement on the subject:
The past months have been incredible. We think the fund will be a huge boost to the existing Flow ecosystem and help it grow.
said.
The Flow blockchain is known for its low transaction fees and fast transfers, apart from its NFT collection. In recent months increase in transaction transactions According to Flowscan, Flow took place in September of 2021. 3.9 million last month compared to transaction volume multiplied by 3 and over 11.8 million output. In addition, the number of users who made transactions in April to its highest level reached.