We present a complete guide to understanding FLOW Crypto and it’s technology in the field of cryptocurrency development. We include helpful explanations, illustrated guides, historical data, and technical details. This article is brought to you by Digital Financial Market
Flow Cryptocurrency
Flow is a platform for creating an ecosystem of digital minting, trading, and collectibles in the form of a Non-Fungible Token (NFT), a form of digital collectable that can be traded through a Blockchain network, similar to a Cryptocurrency but with unique attributes.
The Cryptocurrency that is used to facilitate the network is called FLOW, and is built on the Ethereum blockchain as a Token and Network.
Key Points of Flow Crypto
- An NFT marketplace platform on Ethereum
- Built to solve Ethereum gas/bottlenecks as a Layer 2 solution
- Created by same founders as CryptoKitties digital collectibles
- Partnered with Official Sports Organizations such as the NBA and NFL
Flow Price Chart
Flow Historical Price Chart
History of Flow Crypto
Flow was created by Dapper Labs in 2019 as project following the rise of NFT platforms based on Ethereum. The Flow blockchain was originated from the Development team that created CryptoKitties, and Ethereum based NFT collectible that saw huge popularity in late 2017.
The founding team included Dieter Shirley, Roham Gharegozlou, and Mikhael Naayem as the founders. The Initial Coin Offering (ICO) with the launch of the FLOW Token was made public in 2021.
Flow Crypto Technical Details
Flow technical details:
- Cadence is the Programming Language
- The Official Flow Docs have the 1st Tutorial
- The Official Developer Playground & Tutorial is on play.onflow.org
Flow Crypto Pros
- A Layer-1 Network
- It’s own Blockchain
- NFT-centered project
- Created by developers of previously successful tokens
- Partnered with Entertainment Businesses (NFL, NBA, etc.)
Flow Crypto Cons
- Small Market Cap
- Newer Blockchain
- Has a lot of Corporate influences
- Not natively integrated for any Bitcoin or Ethereum software/trade
Flow Crypto FAQ
Is Flow Crypto The Same As Flow Network?
No, the Flow.com platform is not associated with the payments company named FlowNetworks.io.
Is Flow Crypto The Same As Flow Protocol?
No, Flow.com has no association with the formerly shut down Flow Protocol or flowprotocol.io, or the affiliated Ethereum Address found on Etherscan.
Who Makes Sports Highlight NFTs?
Flow Crypto has had official partnerships with the NFL and NBA for Sports Highlight NFTs.
What is Unique About Flow Crypto?
Is Flow an Ethereum Token?
No, FLOW is not an Ethereum token, but wrapped FLOW can be found on Etherscan.
Is Flow Crypto A Good Investment?
What is Flow Cryptocurrency?
Flow Crypto Analysis
What is Flow Coin?
Image Source: Flow Official Website – Flow.com