- FLOW outperformed the crypto market with its latest over 50% surge to approach the $2.97 three-month peak.
- FLOW’s price rally emerged after Meta announced partnering with the Flow blockchain for Instagram NFTs.
- Flow developers have introduced permissionless ‘smart’ contracts, allowing investors to launch ‘smart’ contracts without review.
- Flow has launched CAST, a DAO, for users to make decisions, create proposals, and build communities.
Project Overview
The Flow project supports the mass adoption of blockchain. And it remains the only protocol that creates usability and progresses into a protocol layer. Developers designed the Flow for the upcoming generation of games, apps, and digital tokens that run them.
This purpose-built network offers heightened scaling to creators without sharing processes. Flow, a PoS blockchain, divides validation tasks into four node types:
consensus – verification – execution – and the better performance collection. Flow’s low-cost and faster speed has made the blockchain attractive for building Dapps like crypto-related video games and NFT marketplaces.
Latest Developments
The Flow network had its latest development on Thursday, 4 August. That was when Meta revealed Instagram users could display their NFTs built on the FLOW ecosystem.
Also, Flow’s collaboration with Instagram means selected users might connect their Dapper wallets to the social media site. The blockchain stated it would introduce this functionality to more users in August.
The web3 gaming platform Joyride Games is the latest blockchain game to arrive on the Flow Network. Moreover, Joyride features its casual games site on the Flow ecosystem.
That would translate to increase traction to the Flow blockchain. Remember, Joyride has been running massive gamers and top-notch games on mobile.
Flow has introduced CAS, a decentralized autonomous organization infrastructure, to ensure seamless operation as the globe rapidly embraces decentralization. CAST, a voting tool, will help individuals vote for better decision-making.
Price Updates
FLOW experienced a massive rally following Meta’s announcement, translating to enormous gains as other digital tokens consolidated. The alt surged over 50% to hit the $2.97 high – areas never explored since 23 May. While publishing this post, FLOW changed hands at $2.75, ranking 29th in Coinmarketcap’s crypto list.
Future Events
The Flow blockchain plans to introduce the Sola Pups collection as it expands its move into the NFT market. Pre-sale will start on 8 August, whereas other users will access the NFT collection on 11 August.
Moreover, the Flow team has revealed the permissionless ‘smart’ contract feature, allowing individuals to deploy ‘smart’ contracts without review.
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