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Laxman Pai, Opalesque Asia: NBA Top Shot's host blockchain, Flow, is getting a $725 million boost through a new Ecosystem Fund backed by its developer's company's investment arm, Dapper Ventures.
The fund is backed by Andreessen Horowitz, Coatue, Union Square Ventures, Coinfund, Digital Currency Group, and Cadenza Ventures, among others, and is aiming to incentivize more crypto devs to choose Flow as the blockchain they build their projects on with investments, token grants, and development support.
"The largest joint commitment made towards any blockchain ecosystem, the Ecosystem Fund participants will provide existing and future developers with support in building applications on the Flow blockchain through investments, FLOW token grants, and in-kind support," said a press release from the Web3 platform powering next-generation games, apps, and digital assets.
Other investors include Fabric Ventures, Greenfield One, HashKey, L1 Digital, Mirana Ventures, OP Crypto, SkyVision Capital, Spartan Group, and Union Square Ventures.
"We are thrilled to see such a strong vote of confidence in the Flow ecosystem from some of the world's leading investors in Web3 through their commitment to this Fund," said Roham Gharegozlou, CEO of Dapper Labs. "With their active participation and support, the Ecosystem Fund has the opportunity to become a real game-changer for the 7500+ strong and fast-growing developer community in the Flow ecosystem....................... To view our full article Click here
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