Dapper Labs (FLOW) - Leading Blockchain in NFTs & Entertainment
Dapper Labs (FLOW) - What is it?
Dapper Labs (FLOW) is a decentralized blockchain aimed at improving transaction processing speed and developer-friendliness.
Developed by the team behind CryptoKitties, Flow serves as the platform for an entire ecosystem of consumer applications such as games, collections, and direct interaction applications.
Built on an entirely new architecture, developers on Flow can build secure applications that can scale, creating opportunities for billions of consumers worldwide.
Highlights of Dapper Labs (FLOW)
Unlike other blockchains where nodes store all information and process transactions on-chain, slowing down processing speed and efficiency, Flow employs a completely new algorithm called "Four-node staking".
This utilizes four types of nodes, each serving a different function:
- Collection: enhances collection efficiency
- Consensus: executes to ensure speed and scale
- Execution: verifies to ensure correctness
- Verification: confirms to ensure hierarchy
Essentially, nodes receive designated workloads and specific tasks, enhancing specialization and efficiency while increasing transaction processing speed. Additionally, Flow features a capability allowing users access to the same confidential data without compromising information.
Key Products of Dapper Labs
Dapper Labs is renowned for developing major NFT projects such as Flow, NBA Top Shot, Crypto Kitties, Crypto Punks, Meebits, and more.
NBA Top Shot Collection
NBA Top Shot is a collection for basketball enthusiasts to own and trade NFT collections of the most famous players in NBA and WNBA tournaments.
Total NFT transactions nearing $1 billion.
All Day NFT Collection
All Day is an NFT collection for professional football enthusiasts.
Total revenue: over $15 million.
And other products you can view here.
Development Team
Core team members of Flow have previous experience with gaming applications such as CryptoKitties, Dapper Wallet, NBA TopShot.
Roham Gharegozlou - CEO: Roham, CEO of Dapper Labs, created CryptoKitties, Flow, and NBA Top Shot. He holds a Bachelor's in Economics and a Master's in Biology from Stanford University. Before Dapper Labs, Roham was the founder and CEO of Axiom Zen.
Dieter "dete" Shirley - Founder and CTO: Dieter is a developer and pioneer of early new technology waves. He co-founded CryptoKitties and authored the ERC-721 proposal defining NFTs on Ethereum. Before CryptoKitties, Dieter was Chief Architect at Axiom Zen.
Mikhael Naayem - Business Director: Prior to co-founding Dapper Labs, Mik worked on the Board of Directors at Axiom Zen. He worked at Zen before launching CryptoKitties. Mik is the founder and CEO of Fuel, a platform he developed to over 225 million users before selling to Animoca in 2017.
Partners
Flow Blockchain partners with industry giants leveraging the Dapper Labs ecosystem such as YouTube, a16z, Samsung NEXT, NBA, Warner Music Group, Dr. Seuss, Ubisoft, and UFC,...
Conclusion
With the explosion of NFTs and Web3, Flow by Dapper Labs stands as one of the most successful cryptocurrency Dapps.
Flow has introduced a unique model to the cryptocurrency ecosystem, facilitating faster and more efficient transactions.
*Disclaimer: Information sourced from Whitepaper and official project sources. This article serves informational purposes only and should not be considered investment advice.
