NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Flow Blockchain By Dapper Labs of CryptoKitties Fame to Make NFT-DeFi Based Crypto Games Mainstream

NewsBTC
NewsBTC
4 years ago
3 mins read
Flow blockchain

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Blockchain technology has made a lot of headway since its inception, leading to the development of hundreds of DApps in DeFi, gaming, content management and plenty of other verticals. While most of these applications utilize the standard features offered by leading blockchains, there are few that have innovated in the space to create an entirely different experience.

The use of conventional blockchains also comes with its own set of challenges and shortcomings, which range from scalability issues to cumbersome development process, and even lax security. It also means that developers are left with very little wiggle room to get creative, especially when it comes to gaming and multimedia Dapps.

Enters Flow, a Blockchain for Next Generation Crypto Games

At the end of 2017, a new blockchain game called CryptoKitties took the blockchain world by storm. A major success, it was one of the earliest attempts to use blockchain for entertainment. Its growing popularity clogged the Ethereum network, causing huge delays in ETH transactions. It was possibly the first time nonfungible tokens (NFTs) were widely used. Since then, the team behind CryptoKitties started Dapper Labs and created a lot of other projects including NBA Top Shot, Dapper Wallet, Cheese Wizard, and more. Flow Blockchain is yet another creation of theirs which is designed based on their learnings over the years, to support the next generation of games, apps and digital assets that power them.

The Flow Blockchain overcomes a lot of issues that are native to mainstream blockchain protocols. It is a layer 1 blockchain solution that is fast, secure, and developer-friendly. By taking into account their experience in building blockchain games, Dapper Labs has woven together NFT and DeFi capabilities into their solution to create an ecosystem that can equally support entertainment and the true digital economy.

The ability of Flow Blockchain to handle complex decentralized systems while maintaining high levels of scalability makes it ideal for the next generation of NFT driven DApps. It uses a novel four-node architecture to optimize speed and cost that can scale with hardware capacity without affecting decentralization or disrupting the network. It is an ideal alternative to the most widely used Ethereum blockchain which is plagued by scaling limitations and high gas costs that are limiting widespread adoption by being slow and expensive.

Unlike other scaling solutions including “Sharding” on ETH 2.0 and NEAR, or Layer 2/sidechains on the Ethereum network, the scalability achieved by Flow neither increases the complexity of DApp development nor does it cause delays in verification on the main chain. The benefits offered by Flow can be directly attributed to its method of storing network state on four nodes instead of all the nodes in the network, while the very multi-node architecture design also increases performance.

A Bright Future Ahead as NFTs and Crypto Games Will Continue to Reign

 

flow blockchain

While people continue to play games, NFTs hold a special place than other in-game purchases as NFT assets are unique, scarce and offer true ownership. As a blockchain asset, they hold value not just within the game and can be owned indefinitely. NFTs can also be traded in the open market and they represent true composability as they can potentially be used across different compatible DApps without having to worry about licensing and other hassles.

The characteristics of NFTs combined with the demand for such games and ease of development offered by platforms like Flow, opens a whole new avenue for developers to create games and monetize them. The tokenomics and distribution mechanics of native FLOW tokens further expands the scope of network participation and applications beyond just entertainment. Apart from allowing the creation of NFTs as secondary tokens, it also enables developers to create governance tokens and stable coins for a whole range of projects they build on Flow Blockchain.

Recognizing the potential of NFT based crypto games to go mainstream, players like Ultimate Fighting Championship, the National Basketball Association, Dr. Seuss, Warner Bros., have already inked partnerships with Flow. Meanwhile, Dapper Labs Is also in the process of migrating their games to the new protocol to offer a far better user experience to its gaming community.

If the current pace of activity on Flow Blockchain is any indication, then it might soon become the go-to platform for all crypto gaming needs, just like the way developers swear by Unity and Unreal Engine as the best platforms to develop video games.

Flow Blockchain currently has a community token offering live on Coinlist.

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

SpacePay Takes the Lead

Best Crypto Presale in 2025: SpacePay Takes the Lead

Most crypto projects promise big changes but deliver little substance. SpacePay takes a different approach by solving real problems that...

ericdunne519 2 days ago
SpacePay Is Solving the One Problem That Held Crypto Back for Years

SpacePay Is Solving the One Problem That Held Crypto Back for Years: Presale Is On

For a long time, crypto payments have been hard to use. They were supposed to be quick and easy, but...

ericdunne519 4 days ago
Why SpacePay Is the Go-To App for Hassle-Free Crypto Payments

Why SpacePay Is the Go-To App for Hassle-Free Crypto Payments

You’d think by now you could buy a latte with Bitcoin, but nope. It’s 2025, and we’ve had digital currencies...

ericdunne519 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

青色のプレゼントボックスの上にあるBTC

Bitunixボーナスキャンペーン開催中|最大710ドルの獲得手順

rinsuzuki 1 hour ago
Why SpacePay Is Tipped to Be the Favorite Crypto Coin of 2025

Why SpacePay Is Tipped to Be the Favorite Crypto Coin of 2025

ericdunne519 15 hours ago

Jemlit vs Mystery Box World: Кой е “царят” на мистериозните кутии?

Nikolay Aleksiev 20 hours ago

Premium Sponsors

Press Releases

  • Top kryptoměna ke koupi dříve, než vzroste o 2 200 %, podle Cathie Wood

    Top kryptoměna ke koupi dříve, než vzroste o 2 200 %...

    7 hours ago
  • The smartest way to make money in 2025: Invest in cloud...

    14 hours ago
  • Od Bitcoinu k BTC Bull: Kde leží skutečný potenciál?

    ...

    14 hours ago
  • Bitcoin vs. Gold: Which Is the Best Investment In 2025?

    14 hours ago
  • Profit of $5,735, senior trader uses Ripple (XRP) to open...

    14 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.