The Flow team announced via Twitter on Tuesday that it has launched a $725 million ecosystem fund. The team said the Ecosystem Fund will support existing and future developers in building applications on the Flow blockchain through investments, FLOW token grants and in-kind support. The fund is available to developers around the globe and will focus on support for gaming, infrastructure, decentralized finance, content and creators.
Flow is a layer-1 blockchain that aims to be fast, decentralized, and developer-oriented. It is designed as the foundation to power games, apps, and the associated digital assets. FLOW has added more than 3% of its value in the last 24 hours and now trades at $6.03.