Continuing the previous article, this article will introduce to you the FLOW public chain and recent related news.
FLOW is a public chain founded by Dapper Labs, whose predecessor launched the popular blockchain game CryptoKitties in 2017. It can be seen that the main members of FLOW are all web3 OG level.
In addition, according to RootData’s data, it can be found that many of FLOW’s investors are very famous VCs in Web3, including: A16z, Animoca Brands, Multcoin Capital, etc.
And the most important thing is that all the tokens of these VCs have been unlocked, so if they really want to cash out in the short term, they must first raise the token price. This may also be an opportunity for us to ambush.
In June of this year, Dapper Labs successfully settled the previous lawsuit. (In 2021, Dapper Labs was sued after NBA Top Shot was deemed to be an unregistered security).
This means that FLOW may be able to avoid the legal risk of being sued in the short term, which can be regarded as a short-term benefit.
In Q1 this year, Dappers Labs also continued to release NBA Top Shot Moments, a game that attracted the attention of basketball fans. In addition, a commemorative NFT of this year’s NBA Rookie of the Year Bunyama was also launched in April and sold for US$145,000.
In other words, although FLOW is now considered a "half-dead" project, the company is still active and has many hidden benefits. I think in the medium to long term, there may be a chance for FLOW to make a comeback.
