Is Crypto Flow the New Hope for NFTs ?

There was a time when the NFT market was at its peak , with incredible stories of people amassing fortunes by selling images of monkeys. This sparked massive enthusiasm for NFTs, attracting individuals eager to discover that rare gem that would make them wealthy. Some even decided to create their own NFT collections to reap colossal profits.

However, the initial excitement around NFTs abruptly halted, markets crashed, and those who had generated millions found themselves broke. Does this mean the technology is worthless ? Not at all. Let's explore together that NFTs still have many surprises in store, especially with crypto flow.

A Quick Reminder: What is an NFT ?

The acronym NFT stands for Non-Fungible Token. As the name suggests, an NFT is not interchangeable. It represents a unique digital asset with distinct characteristics, made possible through blockchain technology. An NFT can take various forms, such as a digital artwork, virtual land, a domain name, or even in-game items.

Introduction to Crypto Flow

Cutting-Edge Innovation

Dapper Labs is a renowned company specializing in NFTs and blockchain-based entertainment. For instance, their game Crypto Kitties, launched in 2017 on the Ethereum blockchain, achieved immense success, further popularizing NFTs.

However, issues such as bugs and delays emerged due to the significant transaction volume. To address these limitations, Dapper Labs created its own blockchain, called flow. Unlike Ethereum, the Flow blockchain stands out for its high scalability, maintaining performance even during high demand, with a transaction throughput above average.

Covering Transaction Fees

Like any decentralized network, crypto Flow also functions to cover transaction fees on its network. These fees are notably low compared to other blockchains. Although this information may seem insignificant at first glance, don't be fooled.

This means that people will be much more inclined to use flow to buy NFTs rather than Ethereum. If you didn't know, most NFT marketplaces are primarily based on the Ethereum blockchain, known for its incredibly high transaction fees. By using Flow, you can buy or sell your NFTs at a lower cost.

Technology Attracting Giants

Specially designed for future decentralized applications (Dapps) based on NFTs, the flow blockchain represents a real opportunity for developers worldwide. Its technical features quickly caught the attention of well-known public figures, such as Warner Music Group, Samsung, and Ubisoft, who have already established partnerships with Dapper Labs. Their renowned support significantly enhances the credibility of Dapper Labs' initiative.

An Exceptional Partnership

It's essential to note that the prominence of crypto flow has significantly increased through its partnership with the NBA. Dubbed " NBA Top Shot" this collection of virtual cards featuring NBA players ranked sixth in total sales among all existing NFT collections, generating a total sales volume exceeding $950 million.

These virtual cards, called " Moments" are short video clips of NBA stars actions during games. These cards are bought in packs, similar to physical collectible cards. Each one is an NFT and can be kept or sold to another collector.

Is Investing in Crypto Flow Worth It ?

A Real Diamond in the Rough

To paraphrase Warren Buffett, one of the world's greatest investors, most people start getting interested in stocks when everyone is interested. The right time to be interested is precisely when no one is. You can't buy what's popular and get good results.

Given crypto flow's price, it's evident that its value is still undervalued compared to its project. Therefore, following Warren Buffett's advice, it's wise to invest in a cryptocurrency with high potential that is still unknown to the general public. Furthermore, the fact that flow has major partners further strengthens the credibility of its project.

Exercise Caution

However, even though crypto flow seems very promising due to its innovative concept, caution is necessary. In the cryptocurrency market, many people have invested significant amounts in a project, thinking they found a deal that would make them millions, only to end up losing a lot of money. So, be careful not to invest an amount you can't afford to lose.