Flow is another blockchain that originated in the crypto world. It is built to feature a fast, decentralized chain. and easy to use for everyone It may seem that these are things that common blockchains have and can replicate, but what Flow Blockchain wants to be is to be an intermediary that connects world-class brands with blockchain. For example, there are NBA, Sumsung, Ubisoft, UFC, and many more brands on the ecosystem now wanting to connect brands, fans and communities together by building ecosystems with these big brands. This way the developer will focus on the use of the user primarily.
I must say that Flow’s ecosystem is now growing. Because the community that comes to use the ecosystem can feel a relationship with brands on the platform like NBA that people who like watching basketball can be very easy to think about, or Unisoft like gamers. most are well known
And part of the platform’s continued growth is due to the fact that multiple brands can be linked with an open and non-intermediary blockchain system. This is a distinctive feature over the previous non-blockchain intermediary platform. To be honest, when we see brand names participating in the Flow Ecosystem, we might feel like, hey! It has famous brands. Come join a lot Does this mean the blockchain trend has reached its saturation point? I have to say that this is just the beginning because although it seems that there are a lot of brands joining in, the growth in the ecosystem is actually still high.
Flow Ecosystem Growth
What’s interesting is that although Flow has only been around for a while. But when the product was released in December 2020, more than 600 companies joined the Flow ecosystem today.
And more than 600 companies are a variety of platforms, such as music, fashion, sports, collectibles, wallets, and more, and in addition to this, during this period that the NFT trend is quite booming, Flow has thought and designed and developed new products. Others that will work with NFTs on the Flow Blockchain, such as fractionalized ownership, NFT lending, social networks, and others, will have to wait and see.
If we take a look at Flow’s Performamce last year, which was the year that started DeFi, it’s pretty good. As of June 2020, Flow Wallets continued to grow rapidly and surpassed that of DeFi wallets.
Number of transactions
As Flow Blockchain has multiple platforms on the ecosystem, there are quite a lot of users. For example, the peak period is 30-40 million transactions per day, but the developer still sees this as in the early stages and is ready to scale to the household level (about 7-11 moods) everyone can access and use)
Now let’s delve into the details of the early launch platforms that have quickly achieved success on the Flow Blockchain.
Chainmonsters – Top 10 Games
- There were more than 60 thousand players during the Alpha phase.
- Nearly 10,000 players bought the Season Pass.
- The $1 million Genesis drop sold out in minutes.
Blockto
- More than 200,000 active users on Flow in less than a year.
- $FLOW worth over $500 million is staked by the community.
- Since its inception, it has generated more than $5 million in revenue.
- Got an IDO on Flow worth $13 million, and 22 times more people subscribed to IDO.
These platforms are successful because the ecosystem has many users who believe in Flow Blockchain and make platforms like Chainmonsters and Blockto were very successful early on.
For those who do not yet know Chainmonsters is an open-world MMORPG with a Pokemon vibe. Initially released on the Alpha Access test system, it had more than 60,000 players and the Genesis drop sold millions of dollars in just minutes.
and Blockto is the most used wallet on the Flow Blockchain, with more than 200,000 users in less than a year. With this size of users, Blockto can continue to raise funds. In addition, since its launch, it has earned more than 5 million US dollars.
In addition to the large number of users trusting the platform. Investors from different places are also convinced. because since the platform was founded The company on the Flow Blockchain has raised more than $700 million in total funding. This does not include the $650 million raised from Dapper Labs.
When we talk about blockchain Sometimes the issue of sustainability and environmental intelligence is what the project thinks of, so the Flow Blockchain solves this problem by becoming a Proof of Stake that will reduce the power usage of Bitcoin, which normally uses 110,000 gigawatts. Per hour Flow Blockchain uses only about 1 gigawatt.
ongoing activities
- Flow FLIP Fest LINK Buildathon is for developers to collaborate on open-source blockchain projects, and FLOW, short for Flow Improvement Proposal, is where the community discusses and chooses what is important and useful. per Flow
The event details will be held over a period of two months and will be awarded to anyone who can create a product or build on something that will make Flow improve. And it will benefit Flow in the long run, both in terms of community developers and customers. Activities that can be participated include: Non-custodial wallets, SDKs, learning tools and much more can be done by participants. This includes developing with companies on the Flow Blockchain as well. The Flow FLIP Fest is open for applications starting fromSeptember 15, October 15, 2021 and the event will end on October 30, 2021.
2. Flow Fest LINK – Flow Fest is a virtual world full of exciting blockchain technology. From collectibles to games and sports and much more. In addition, the event will feature interesting disclosures, Exclusive Drops and exciting fun.
And because Flow’s ecosystem has a large number of partners, it is expected that tens of thousands of audiences, customers and collectors will attend the event.
Flowfest Website: https://www.flowverse.co/
Flowfest Discord: https://discord.gg/flowverse
Flow Website: https://www.onflow.org/