Are you going to invest in crypto FLOW at the current price?

Route and Flow (FLOW): what is the current price?

Here is Flow’s live course.

FLOW cryptony news from 16/05/2022

Flow Blockchain threw a few days ago a $ 725 million fund to fund the development of the network and the projects that make it up. Called the Flow Ecosystem Fund, the fund consists of several entities, including a16z or Dapper Ventures.

regarding working, each entity that is part of the fund will have the power to decide whether a project should receive part of the funding or not. For Mik Naayem, founder of Dapper Labs, it’s about decentralizing financing. ” It is a pool of resources dedicated to the Flow ecosystem, with each investor implementing their support individually. ” he explained.

While the price of the native blockchain cryptocurrency Flow is currently around $ 2.83, it has the potential to reach the $ 7 mark by mid-2022 according to several analysts.

#Flow blockchain, dedicated to Web 3.0 applications and #NFTs, has just completed the launch of a $ 725 million fund πŸ’° It thus presents the Flow Ecosystem Fund, whose goal will be to fund the development of the network πŸ‘‡ $ FLOW https: //

The essentials to know about Flow

Creating crypto FLOW

Dapper Labs developed Flow with the aim of providing solutions for NFTs and decentralized gaming applications. Dapper Labs created Crypto Kitties on Ethereum, the game that sparked the NFT revolution.

However, the popularity of Crypto Kitties had caused congestion on the Ethereum network, leading to higher transaction fees. Therefore, Dapper Labs chose to solve the problem by creating a more scalable blockchain.

This is how the Flow blockchain was created.

How works Flow ?

Flow uses a proof-of-stake consensus process, which requires validators to put a certain number of FLOW tokens into play in order to join the network.

But the innovation in Flow lies in the fact that they divide the validation tasks for different types of nodes: consensus, verification, execution, access and collection. What makes it unique among blockchains.

According to Dapper, the division of labor between nodes makes transaction processing more efficient than on competing blockchains.

Some DApps developed on Flow

Crypto FLOW : our opinion and prediction for 2022

  • Flow Mirror Mag Overall rating: 8/10

Opinion on the project Flow

Crypto Kitties will soon be migrating to the Flow blockchain, and with the rapid rise of the NBA Top Shot and the arrival of other NFT developers, Flow may become one of the most coveted blockchains for such projects.

Price volatility announcement

FLOW remains quite volatile at the moment, with bearish movements more pronounced than bullish fluctuations.

Price prediction of Flow medium term

FLOW is close to its launch price of around $ 6. This is a unique opportunity to buy it as if you had participated in its ICO. The decline could continue down to $ 4 before a recovery higher.

Price prediction of Flow long-term

Flows blockchain operates some very popular NFT DApps and the NFT industry is still in its infancy. The price of $ 40 is a first long-term goal.

Conclusion – Should you invest in Crypto Flow? Where and how to buy it?

Conclusion on our review Flow

Dapper Labs also has other top partners to boost the FLOW project: Ultimate Fighting Championship (UFC), CNN, Samsung, Ubisoft and Warner Music Group, among others. FLOW is therefore a cryptocurrency with great potential.

Useful resources to invest in Flow (FLOW)

πŸ“ˆ Trade cryptocurrencies online with just a few clicks!

eToro allows you to easily trade cryptocurrency online. Creating an account is free and easy.

68% of retail investor accounts lose money when trading CFDs with this provider. You should ask yourself if you can afford to take the high risk of losing your money. eToro users in France cannot open positions to buy real cryptocurrencies, all orders are opened as CFDs.

Recent articles by Almmaye (see everything)

Leave a Comment