Dapper Labs has raised $725 million to support the growth of its blockchain ecosystem, which includes the NFT and gaming-focused blockchain Flow. Leading NFT blockchain Flow announces $725 million Ecosystem Fund to drive Web3 innovation Flow, one of the leading blockchains in the Web3 arena, has announced the launch of a new fund designed to spur innovation among those building apps, games, and d… https://t.co/PHhefwgbko — 📣 Hit The Play Button 👉Music Break ⬇️ (@TibetEllor) May 10, 2022 Ecosystem Fund of $725 Million Announced by Flow Dapper Labs has raised $725 million to expand Flow’s decentralized application ecosystem. Dapper Labs, the company behind Flow, one of the most popular gaming blockchains, announced on Tuesday that it had raised a record-breaking $725 million to sustain and build its Web3 ecosystem. Venture capital heavyweights like Andreessen Horowitz, Digital Currency Group, Union Square Ventures, and Coatue are among the fund’s investors. The majority have already made considerable investments in FLOW, the network’s cryptocurrency, and Dapper Labs stock. According to the press release, the funds will assist the Flow ecosystem’s “games, infrastructure, decentralized finance, content, and artists” through token grants, incubation programmes, and other resources. After two years of development, Dapper Labs introduced Flow in 2019 to create a more scalable platform for gaming and NFT initiatives. The startup mad...
