While the market is back showing positive movement, Flow (FLOW) did not disappoint with a jump of over 12% in 24 hours.
Based on observations, FLOW started to exhibit a rather aggressive price from $ 3.22 daily low value to $ 4.61 daily high value yesterday before slipping to the $ 3.90 level at the time of this writing.
What happen?
Flow blockchain developer Dapper Labs has announced an allocation of $ 725 million (RM3.18 billion) for the growth of its ecosystem, including applications that will be developed later.
It is understood that the allocation involves funds from several parties such as Andreessen Horowitz, Coatue, Union Square Ventures, Coinfund, Digital Currency Group, and Cadenza Ventures.
They will also be introducing their respective projects at Flow and it is expected that the project will be expanded throughout Asia, Europe, and North America.
For information, Flow is well known as a platform that supports the NFT NBA Top Shot project. So far only 7,500 developers are comfortable developing projects on the blockchain.
Indirectly this situation forced Flow to work hard to be the closest competitor and alternative to Ethereum.
But Flow has quietly started showing his fangs.
Based on NFT's daily transaction record on the network, the number has tripled since September 2021, making Flow the NFT platform in the first place.
