Dapper Labs aims to leverage blockchain that powers NBA Top Shot and CryptoKitties to be the platform of choice for more NFT experiences in the future.
When CryptoKitties, one of the first non-fungible token (NFT) projects, brought the Ethereum blockchain to a halt in late 2017 due to massive bottlenecks, developer Dapper Labs learned that current generation blockchains were not built to handle such a need.
Instead of simply finding another home for a decentralized application (dapp) or waiting for Ethereum scaling solutions to mature, Dapper decided to build a blockchain that they and other developers could rely on. to enter.
As a result, Flow was born. Flow is a purpose-built blockchain to support things like NFT collectibles and large-scale crypto games.
CryptoKitties will soon migrate to Flow, and with the overwhelming success of Dapper’s NBA Top Shot and many other developers signing a partnership with Flow amid the NFT boom, it’s clearly one of the leading blockchains for such creativity.
The article will tell you what Flow is, how it works and how to get FLOW tokens.
What is Flow?
Flow is a blockchain designed to scale without the use of sharding techniques, providing fast and low-cost transactions, suitable for dapps such as NFT marketplace and cryptocurrency video games. .
As mentioned, Flow comes from Dapper Labs, which decided to solve its blockchain bottleneck by building apps specifically for games and other interactive experiences. Dapper currently uses Flow for all of his own projects, including NBA Top Shot, but it’s also open to other developers.
How does Flow work?
Flow uses a PoS model that requires validators to stake a certain number of FLOW tokens in order to participate in the network.
However, validation tasks are very different from blockchains because Flow divides validation tasks into four distinct node types: consensus, verification, execution, and collection. All four types of nodes are involved in validating each transaction.
Dapper says that breaking up the tasks makes transaction processing more efficient than rival blockchains. It is an alternative to sharding or spreading the storage and computing needs of a blockchain across multiple nodes. Flow does not use sharding, and by doing so, Dapper says the blockchain keeps transactions atomic, consistent, isolated, and persistent (ACIDs) and allows developers to build on each other’s work. .
Flow also features upgradeable smart contracts, allowing a smart contract to be deployed in beta and then enhanced or repaired before finalizing and becoming immutable.
Do you know?
CryptoKitties will move from Ethereum to Flow, where Dapper promises to create new features for digital cats that can breed and use in future Flow-powered games.
What’s so special about Flow?
Flow is built for the kind of collectible and interactive cryptocurrency experience that is rapidly growing in prominence and could find a much larger audience in the years to come. NBA Top Shot has demonstrated the potential for a blockchain-driven collectible experience to generate massive cash flows and find mainstream attention. It’s just one experience built on top of Flow, and there’s more to come.
Flow + NBA + UFC
NBA Top Shot was a resounding success, but Dapper Labs has other well-known partners in their stabilization. The company has signed agreements with Ultimate Fighting Championship (UFC) and Dr. Suess to develop the cryptocurrency collecting experience in the same direction. Besides those brands, Dapper also has partners like the giant Samsung, game publisher Ubisoft and Warner Music Group.
What can you do with Flow?
Right now, as a user, you can interact with Flow through NBA Top Shot or by purchasing artwork from the VIV3 NFT marketplace, as well as other active apps built on blockchain this. Developers can start using various built-in tools to experiment with Flow and build their own dapps.
Do you know?
Dapper Labs raised a $12 million investment round in August 2020 with participation from a number of current NBA players, such as Andre Iguodala and Spencer Dinwiddie.
NFT collections exploded significantly in late 2020 and early 2021. Flow was one of the platforms that benefited the most from that growth. Not only is Dapper Labs’ NBA Top Shot one of the most successful crypto dapps, but Flow has reported a significant increase in developer requests in the first weeks of 2021. In a nutshell, NBA Top Shot is a successful proof of concept of Dapper’s custom built blockchain, and now other developers want to exploit that infrastructure.
🌊Flow developer ecosystem update🌊
Since we shared our last update a week ago, 100+ more developers and teams have started building on Flow, resulting in a 20%+ week-over-week growth
— Flow Blockchain (@flow_blockchain) March 8, 2021
“Update Flow Developer Ecosystem”.
Since we shared our last update a week ago, over 100 other developers and teams have started building on Flow, resulting in 20% or more weekly growth.
Don’t wait on the sidelines, it’s time to build.”
Dapper also has other collectible platforms of his own. Flow is designed to be used for more complex game experiences: Dapper calls it “the open-world blockchain.” On the one hand, “open” implies decentralization — but it may only be a matter of time before it serves as a host for large-scale crypto games.
According to Decrypt
Follow the Twitter page | Subscribe to Telegram channel | Follow the Facebook page