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Dapper Labs and Flow Foundation provide $10 million to attract builders

20 Mar 2022 : 15:41
2 min read
  • The Flow Foundation and Dapper Labs have committed $10 million to support developers building on the Flow blockchain
  • Three teams that can develop ideas that will benefit Top Shot NFT owners will receive $100,000 in seed funding
  • The Flow Foundation will soon announce a multi-million program to fund the development of Dapps on the Flow blockchain

The Flow Foundation and Dapper Labs have announced a partnership in which the two projects will provide a total of $10 million to incentivize developers to expand the Flow ecosystem.

Multi-Million Funding Program

Dapper Labs has partnered with the Flow Foundation to provide at least $10,000,000 over the next three months to support existing projects and new developers in the ecosystem. Three developer teams that can develop ideas that will benefit Top Shot NFT owners will receive $100,000 in seed funding, with Dapper Labs helping the teams bring the idea to life.

Although $10 million seems like a small amount compared to incentive programs from blockchains like Avalanche and Near Protocol, this is just the beginning of a new multi-million dollar program that Flow Foundation will soon announce. The announcement states that it will provide hundreds of millions in funding from DAOs and venture capital firms to developers who decide to build on the Flow blockchain.

What is the Flow blockchain?

Dapper Labs developed the Flow blockchain, the same team behind NBA Top Shots and the CryptoKitties. The blockchain is often called the “normie blockchain” because it primarily targets mainstream consumers with NFT and gaming projects rather than the often confusing DeFi applications. A recent example of this is Genies, a 3D avatar technology company that partnered with Dapper Labs to build the Genies Avatar Wearable NFT marketplace on the Flow blockchain.

With the funding program, the foundation hopes to encourage more developers to build projects on Flow as it becomes difficult to compete with other blockchains that offer incentives to developers to build projects on their blockchain. The most notable projects on the Flow blockchain continue to be those developed by Dapper Labs, such as NBA Top Shot and Dapper. Still, community-developed projects like Matrix World, KLKTN, Flovatar, Chainmonsters, Emerald City, Mantle Finance, Zeedz, Legaci, The Football Club, and Ballerz hope to bring more diversity to the blockchain.

About Author

Stan Colenbrander

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Stan is the head of news and podcast host at Cryptonary. He was formerly a member of the Cryptonary Pro community. In early 2021, he decided to drop out of journalism school at university to pursue journalism in real life and make an impact in the crypto space. . His areas of interest include the NFT industry, decentralised finance, and crypto start-ups.

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