What Made FLOW Blockchain Exceeds $1 Billion in All-Time NFT Sales?

Posted Thursday, June 9, 2022 by
Sophia Cruz • 1 min read

Flow has recently reached another milestone as it became one of the top five largest blockchains by all-time NFT sales volume. Flow blockchain was released in September 2020 and has since grown in terms of market value and popularity. Its state-of-the-art and highly scalable framework have made it a Web 3 favorite between developers and brands looking to increase their customer experience levels. 

FLOW, its native token, was very lucrative for early investors, but its long-term success remains to be determined. Its recent growth in popularity and market value is promising for its future investors as it meets Web3 demand at a time when Ethereum is struggling with its limitations. As of May 2022, Flow has a market value of more than $2.6 billion which makes it one of the top 50 crypto assets on the list outdone by Bitcoin. This month it reached its all-time high in monthly sales volume recording $224.07 million in sales. 

An aspect that made Flow a leading platform among its competitor is the ease of use, where users can easily build powerful tools. Flow (FLOW) uses a new type of consensus mechanism called “gauge protocols”, which makes it more scalable and efficient than other cryptocurrencies. Its primary use case is for leveraging in-game assets, but it can also be utilized for other digital art or data storage applications. 

Most of the sales came from one of the biggest selling NFTs namely NBA Top Shot, NFL ALL DAY, BALLERZ, Evolution (Ben Mauro),  Matrix World, UFC Strike, Flunks, and Flovatar to name a few.

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