Flow Launched a $725M Fund Backed by a16z, DCG, Coatue
The joint venture, focused on supporting over 7,500 developers working on the Flow network, will offer accelerators and incubators, investments, and FLOW token grants.NBA Top Shot’s host blockchain Flow announced a new $725 million Ecosystem Fund backed by its parent company’s investment arm, Dapper Ventures, and crypto-focused VCs, including a16z, Coatue, and Digital Currency Group.
Dedicated to boosting developments in its ecosystem, the fund will offer investments, in-kind support, and FLOW token grants to eligible developers building applications on its blockchain.Flow, a leading network best known for its NFT projects, was created by Dapper Labs in 2018. The blockchain giant considers the fund as intended to spark innovation and develop new projects built on its platform.For instance, Flow will offer office spaces to its developers in Berlin and other Asian cities.
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