This week, FLOW fell by 10.1%. Today, FLOW is trading at $17.48, 1.8% lower than yesterday’s value. When it comes to long-term investments, it is important for us to know what projects the blockchain is engaged in and what its prospects are. Flow is a decentralized network without permissions, created to support a new generation of games, applications, and digital assets that support them. Like any token or cryptocurrency, NFTs can have their rarity, ownership, and origin protected by the blockchain.
Millions of NFTs have already been bought and sold in a small but active community of decentralized applications, resulting in a market volume of tens of millions of dollars, primarily on a peer-to-peer network, thanks to CryptoKitties and the ERC-721 standard developed by our technical director Dieter Shirley. Decentralized networks with peer-to-peer communication. New types of content and business models are being produced and tested right now. We collaborated with Fabricant and Johanna Yaskovskaya, one of Instagram’s most popular designers, to create an auction iridescence, the world’s first digital clothes as an NFT on the Ethereum blockchain, earlier this summer. At the auction, Iridescence was sold for $9,500.
Finance and Business reporter
After graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter