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- Dapper Labs and Flow Foundation have joined forces to give over $10 Million in FLOW and USD to assist dApp developers in the NFT gaming sector.
- These funds will be available for upcoming 3 months, and top 3 projects will receive $100K in seed funding.
- Flow foundation will soon declare a multi-million program to fund decentralized applications on Flow blockchain.
Dapper and Flow To Boost Web3 Gaming
Dapper Labs and Flow Foundation have made announcement of collaboration which will witness both projects dedicate a sum of $10 Million in FLOW and USD, towards development of dApps to back the NFT gaming sector.
Funds will be available for the upcoming 3 months to assist persisting success stories and new developers in creating cool new stuff for Top Shot NFT holders. The 3 best proposals will go on to get $100K during seed funding Dapper Labs, offering support to fulfill every project’s vision.
This declaration of $10 Million in project funding focused on Web3 gaming, initial of a latest multi-million program to be released by Flow Foundation.
As per Flow Foundation, funds will be in the hundreds of millions from Decentralized Autonomous Organizations and globe’s top venture capital companies to teams developing on Flow.
Additionally, these funds will be directed towards social play and gaming, making new paths for NFT holders to enjoy with their stuff.
ALSO READ – Google Takes Over Raxium As It Forward Marches To Its Own AR Space
More On Flow Network
Flow is a swift, developer-friendly and decentralized blockchain.
It was customized from the ground up to cater to the latest generation of virtual assets, applications and games which fuels blockchains. Flow blockchain is distinct in that its model is based on what devs have learned over years, and betters on persisting solutions.
Flow network was authentically created by Dapper Labs which is also accountable for Cryptokitties, NBA Top Shot and Dapper.
Dapper Labs has over the years collaborated with UFC (Ultimate Fighting Championship), Warner Music Group, NBPA, and NBA. It has also received monetary banking from top-tiered investors like AngelList, Zynga, Coinbase, Reddit, Dreamworks founders, Samsung, Google Ventures, Venrock, Union Square Ventures, and Andreessen Horowitz among others.
As this article was being written, Flow blockchain’s indigenous token FLOW was trading at a market value of $6.04, bullish by 2.53% in the previous 24 hours.
What Does This Means For Web3 Gaming?
Web3 is basically the evolution of the Internet, which will overcome and eliminate persisting issues of Web2.
In brief, Web1 allowed folks to read information, Web2 allowed folks to interact with that information as well as folks, and all the data available on the internet today is owned by organizations.
Coming to Web3, here every stuff, even a post on a social media platform is owned solely by users only. Not just this, they will be allowed to monetize their creations and time spent on Web3.
Making it simpler, have you seen Steven Spielberg’s Ready Player One? If not, go watch it, if yes, then we might see exactly an environment shown in the movie as these notions develop.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
