Flow

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A decentralized layer-1 altcoin is seeing green after a listing by the US’s largest cryptocurrency exchange.
In a new announcement, Coinbase says that Flow (FLOW) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met.

The Flow blockchain is tailored for developers of games, applications and non-fungible tokens (NFTs).
According to the project website, Flow currently boasts over 7,000 developers, more than a thousand active projects, as well as 1.2 million wallets transacting per month.
Flow is the brainchild of Dapper Labs, the team which also created the popular game CryptoKitties. The NFT game allows players to buy, collect and sell virtual cats. The project has since racked up a number of high-profile corporate alliances, including the NBA, Warner Music Group and Ubisoft.
Flow’s blockchain builds functional improvements directly on its protocol layer, allowing users to make payments and participate in the network’s governance.
Native token FLOW can also be used to pay for various network services and storing data, as well as staking and node validation.
Dapper Labs is also looking to partner with fashion brands in the future.
News of the Coinbase listing initially sent Flow jumping by 8.6% from $2.78 to $3.02.
After some choppy price action, FLOW is currently up 3.08% on the day and is priced at $2.96.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/Black Salmon/Nikelser Kate
The post Large-Cap Ethereum (ETH) Competitor Rallies As Coinbase Announces Surprise Support appeared first on The Daily Hodl.


A decentralized layer-1 altcoin is seeing green after a listing by the US’s largest cryptocurrency exchange. In a new announcement, Coinbase says that Flow (FLOW) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met. The Flow blockchain is tai...

dailyhodl.com

Large-Cap Ethereum (ETH) Competitor Rallies As Coinbase Announces Surprise Support

At Display Week 2022 TCL presented the most compact LCD panel for VR we’ve seen yet.
The primary driver of the size and bulk of today’s VR headsets is the optical design, a function of both the size of the display and the lenses used to magnify it over a relatively wide field of view. Valve’s Index uses 3.5 inch panels, while HP’s slightly more compact Reverb G2 uses 2.9 inch panels. HTC’s Vive Flow, the most compact headset available in the west, uses 2.1 inch displays.
TCL presented two new LCD panels at Display Week. Both have a refresh rate of 120 Hz.

The first is also 2.1 inches, like Vive Flow’s, but whereas Flow’s displays are 1600×1600 TCL’s new display is 2280×2280 thanks to having a density of 1512 pixels per inch. Flow reaches only 75 Hz, but it’s unclear whether this is a limitation of the panels or just a product design decision. This new panel was shown integrated into a fully standalone prototype headset to demonstrate just how compact a standalone with Flow-sized displays could be:

The second has slightly lower resolution, 2160×2160, but is smaller than any VR LCD we’ve seen to date at just 1.77 inches. To achieve this it actually has an even higher density, 1764 pixels per inch. Of course, there are even smaller OLED microdisplays available, but those tend to be significantly more expensive.

Neither new TCL panel is higher resolution or more dense than the stunning 3K panel JDI and Innolux also presented at Display Week. But both TCL panels are smaller, so could theoretically be used in extremely compact headsets.


TCL presented the most compact LCD panel for VR we've seen yet, and showed a fully standalone prototype with Vive Flow sized 2K panels.

uploadvr.com

TCL Presents Ultra Compact 2K VR LCDs With 120 Hz Refresh Rate

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.
Developers-Oriented Support
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.
Flow’s release indicates that the Ecosystem Fund will be used to support “gaming, infrastructure, decentralized finance, content and creators” in its ecosystem. In particular, the fund aims to bring web3 opportunities to developers worldwide.
For instance, Flow will offer office spaces to its developers in Berlin and other Asian cities. The fund mainly will go to the following four areas: product development, product scaling, team expansion, user acquisition, and general operating expenses.
Dapper Labs’ CEO Roham Gharegozlou outlined that interest derived from well-known crypto institutions is a confidence vote on the NFT-focused blockchain. He added that the Fund will become a real game-changer for the ecosystem’s “7,500+ strong and fast-growing developer community.”
As reported by Forbes, Flow’s new venture – unlike Binance’s $1 billion fund for its Smart Chain ecosystem, which had only one team responsible for distribution – will accommodate investors’ allocation decisions to distribute the funds.
Flow’s Growth Story Continues
Flow joined Ethereum, Solana, and polygon on Monday as the four blockchains supporting Meta’s latest bid to introduce NFTs on Instagram. It will serve as the host blockchain for renowned sports collectibles like NBA Top Shot and NFL ALL DAY.
Despite ongoing crypto dumps, activity on Flow has continued to thrive, Forbes stated. The number of daily transactions has tripled to over 700,000 since September 2021. Also, the number of active accounts has soared to a new ATH of more than 500,000 this week.


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. 

cryptopotato.com

Flow Launched a $725M Fund Backed by a16z, DCG, Coatue

The new ecosystem fund will be used to support the 7,500 developers on Flow to build new gaming, infrastructure, DeFi, and content creator products on the NFT blockchain.

cointelegraph.com

Top Shot creator unveils $725M fund to support Flow ecosystem


May 10, 2022 – Singapore, Singapore


FACEIT, the world’s leading platform for competitive online gaming, has today announced a multi-million dollar partnership with Cake DeFi, one of the world’s fastest-growing crypto fintech platforms, which allows users to earn cash flow from their crypto.

Facilitated by Pivot Agency, the collaboration will provide Cake DeFi with authentic brand exposure to all FACEIT users globally through a series of bespoke and multifaceted gaming experiences, which will offer the community a chance to win crypto. This year Cake DeFi will be offering players more than half a million dollars in prizes, paid in crypto.
Research suggests that 55% of the millennial gamers own crypto, as compared to just five percent of all millennials, illustrating the natural connection between the gaming and crypto industry.
The partnership with FACEIT marks Cake DeFi’s first move into the gaming and esports space. The agreement will offer the company access to FACEIT’s 25 million user base, the largest network of competitive gamers, and will offer players a unique opportunity to earn actual crypto prizes while playing.
Furthermore, through Cake DeFi’s platform and access to decentralized finance applications, they can compound their winnings and earn returns on their crypto.
Michele Attisani, co-founder and CBO of FACEIT, said,
“The FACEIT platform is home to the largest community of competitive gamers, which means we have a unique understanding of this audience. Our users are incredibly forward-thinking and educated when it comes to crypto, so the partnership we chose had to bring tangible and substantial value to be of interest. The collaboration with Cake DeFi is much more than brand integration and offers our community clear experiential and financial benefits [that] go beyond what any partnership of this type has delivered before.”
FACEIT users are core gamers who spend an average of two-and-a-half hours per day on the platform. A recent survey of FACEIT users found that many were already interested in and investing in crypto, showing a natural synergy between both brands and industries.

They are innovative thinkers with 66% agreeing that cryptocurrencies are the future of online transactions
Eighty percent have heard of crypto
Thirty-six percent invest in crypto
Forty-six percent very likely or likely to use crypto in the next 12 months – four times more likely than the general population to use cryptocurrency for online purchases

The partnership will incorporate Cake DeFi missions, involving in-game tasks and monthly challenges for players to complete in order to win crypto prizes. It will also include Cake DeFi weekly tournaments, which will run throughout the year and will be open to FACEIT players around the world.
Players will be able to earn even greater rewards on the crypto they win when they sign up to Cake DeFi. All crypto prizes are redeemable through their Cake DeFi account, allowing FACEIT to expand its current play-to-earn offering.
Speaking about the partnership, Dr. Julian Hosp, CEO and co-founder of Cake DeFi, said,
“Gamers have a natural affinity with crypto, and they can now join us on the DeFi movement. Cake DeFi’s partnership with FACEIT will allow players to earn crypto while they game and further earn returns on their crypto through our platform. In 2021, we paid out $230 million in rewards to our customers. So it’s a win-win-win for FACEIT gamers.”
Cake DeFi is the leading crypto fintech platform that provides users access to DeFi (decentralized finance) services and applications such as liquidity mining, staking and lending, which generates regular returns for users.
They currently manage over $1 billion in customer assets and offer users one of the highest returns on crypto in the market, as a one-stop platform that is easy to use, secure and transparent. Last year they paid out $230 million in rewards to customers – and this year, they are looking to increase this to 74% more or $400 million in rewards.
About FACEIT
FACEIT is the leading competitive platform for online multiplayer games, with over 25 million users. Through FACEIT, players, organizers, game developers and brands can access a dedicated platform that empowers the development of the competitive gaming ecosystem through play, organization and social features.
By covering the whole spectrum of competitive gaming, from grassroots to professional players, the platform is the biggest of its kind and it already has a long-standing partnership with the most important gaming publishers in the industry.
For more information, please visit the website.
About Cake DeFi
Cake DeFi is a fully transparent, highly innovative and regulated fintech platform dedicated to providing access to decentralized financial services and applications by enabling users to generate returns from their crypto and digital assets. It is operated and registered in Singapore and is fully compliant with all regulatory requirements of the Monetary Authority of Singapore (MAS).
By enabling and empowering its users to harness the potential of decentralized finance, Cake DeFi aims to educate and inform people around the world on crypto and DeFi in a simple, easy-to-understand and hassle-free manner.
For more information, please visit the website.
Contact
Leticia Chua, Cake DeFi
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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The post Cake DeFi Enters Into Esports With Competitive Gaming Platform FACEIT appeared first on The Daily Hodl.


May 10, 2022 – Singapore, Singapore FACEIT, the world’s leading platform for competitive online gaming, has today announced a multi-million dollar partnership with Cake DeFi, one of the world’s fastest-growing crypto fintech platforms, which allows users to earn cash flow from their crypto. Facil...

Flow price	$2.91
Low - High 24H	$2.70 - $3.04
Market cap	$3.01B
Volume 24H	$151.55M
All time high	$42.40 -93.12% April 5th 2021
All time low	$2.43 19.96% May 12th 2022
Genesis date	N/A

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