Dapper Labs, the company behind the NFT-focused blockchain Flow, is launching a $725 million fund to attract developers to the network.
The so-called ecosystem fund drew participation from an array of venture firms, including Andreessen Horowitz, Coinfund, Digital Currency Group (DCG), Coatue Ventures, Dapper Ventures, Fabric Ventures, Spartan Group and Union Square Ventures.
These firms have committed funds to help support developers in creating new Flow-based applications in areas like gaming, infrastructure, decentralized finance (DeFi) and content creation.
(by Vishal Chawla)
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