FLOW is up 52.2% over the past 24 hours.
FLOW Surges as Meta Expands NFT Rollout
Flow appears to be benefiting from Meta’s big NFT play.
Per data from CoinGecko, the NFT-focused blockchain’s FLOW token has jumped 52.2% in the past 24 hours. The token rallied Thursday afternoon minutes after Meta announced that it would expand its NFT feature to 100 countries and added Flow to its list of supported blockchains.
Flow was launched by Dapper Labs, the blockchain development company behind hit NFT projects CryptoKitties and NBA Top Shot. Its backers include behemoths like Andreessen Horowitz, Coinbase Ventures, and Digital Currency Group.
Flow saw rapid growth in 2021 as NFTs boomed, though the high was short lived. FLOW peaked at $42.40 in April 2021 but failed to reach new highs after the market crashed. Save for a few blue chip collections like Bored Ape Yacht Club and Fidenza, the NFT market and NFT-focused projects like Flow have suffered in crypto’s months-long downturn. Even after...
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