Flow is set to revolutionise the NFT market. The rollup-centric NFT ecosystem has recently secured $3 million in seed funding with their groundbreaking ‘place bid once, buy from everywhere’ technology. This allows users to bid on NFTs with ease, protecting them from frontrunners and unnecessary gas fees.
Led by Nima Capital and participation from other industry heavy-weights, the $3 million seed funding positions Flow to be at the forefront of a modular NFT ecosystem.
“We are entering a modular world where execution environments, data availability, consensus and transaction sequencing are moving towards a plug-and-play model. NFT platforms built on this modular stack can leverage shared security from an underlying L1 while building fast, low-cost NFT trading infrastructure and creator tooling. Flow’s matching and execution engines are well positioned for this future.” said project founder nneverland.
Flow’s developers, who have experience with Google and Binance, plan to integrate Artificial Intelligence (AI) I into its platform, such as LLM-based NFT analytics solutions, cutting-edge agents to automate technology, and tools for the community to create and deploy NFTs.
Stay updated on Flow’s journey by following them on Twitter and joining the conversation on Discord.
What are NFTs?
Non-fungible tokens (NFTs) are a new type of digital asset. ‘Non-fungible’ means the asset is unique and can’t be replaced. ‘Tokens’ are digital assets stored on the blockchain. So, in short, NFTs are unique digital assets that are stored on the blockchain.
NFTs can include anything from artwork to photos to music to even tweets. And because they’re unique, they can be bought and sold just like physical art pieces.
NFTs have taken the world by storm, and many celebrities have gotten in on the craze. Musician Grimes recently sold off her digital artwork as NFTs, making over $6 million. Rappers like Eminem, Snoop Dogg, and MIMS have also created and sold their own NFT collections.
NFTs: Pros and Cons
One big benefit to NFTs is that they allow artists to sell their work directly to customers, eliminating intermediaries. This allows the creator to keep more of the profits for themselves.
NFTs are also a neat way to prove the authenticity of a digital asset. Because each NFT is unique with its own blockchain record, it’s almost impossible to create a duplicate or fake.
But, as with anything, there are also a few drawbacks to NFTs. Creating and selling NFTs has been terrible for the environment, because of the amount of energy required. And just like cryptocurrencies, the value of these digital assets can be rather volatile, as prices are determined by how much someone is willing to pay for them.
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Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin