Talk about $FLOW coins
You can think of the Flow blockchain as a "highway specifically designed for NFTs and games, a professional fast lane."
1. It originated from a "traffic jam" incident
At the end of 2017, a blockchain game called CryptoKitties went viral across the internet. It was running on Ethereum, the "old highway," and due to excessive transactions, it completely clogged up, becoming slow and expensive.
The creators of CryptoKitties, the Dapper Labs team, thought: We need to build our own highway specifically for NFTs and games, we cannot get stuck anymore!
2. Thus, they designed this new highway called Flow
Flow was born to solve the problems of congestion, slow speed, and high fees on Ethereum. Its goal is to allow digital collectibles, games, virtual worlds, and other applications to run swiftly, providing users with a smooth experience like using a mobile app.
3. FLOW coins are the "fuel and toll" of this highway
On this new highway, all operations require FLOW coins:
· Pay the "fuel fee": If you buy an NFT or play a game, you need to pay a small amount of FLOW coins as a transaction fee.
· Become a "shareholder" to maintain the network: You can stake FLOW coins to help maintain network security and operation, and then receive rewards (like "toll" dividends).
· The "lifeblood" of the ecosystem: All applications and creators on Flow have their economic models closely tied to FLOW coins.
FLOW coins were born from the traffic jam caused by CryptoKitties and are fighting to enable large-scale applications of NFTs and games. They are not tokens for any single application but are the foundational fuel and governance tokens for the entire Flow highway and all the prosperous cities (applications) on it.
FLOW coins are the underlying fuel driving "a vast ecosystem" (countless NFT and game applications).
· Notable applications: The NBA Top Shot (NBA digital trading cards), NFL All Day, and many digital collectibles from mainstream brands you hear about are running on the Flow chain, utilizing FLOW coins.
Remember this in one sentence: Flow is a fast chain born for digital collectibles, and FLOW coins are the core energy that makes it operate. $FLOW
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