The digital cat collecting and breeding game was phenomenal back then, and it became so popular that it eventually crashed the Ethereum network.ĭue to the overwhelming volume of activity linked to CryptoKitties, transactions on the Ethereum platform are nearly halted, requiring days and excessive gas prices to settle. With their active participation and support, the Ecosystem Fund has the opportunity to become a real game-changer for the 7,500+ strong and fast-growing developer community in the Flow ecosystem.”ĭapper Labs is the name behind the successful CryptoKitties – the blockchain game that laid the groundwork for the latter blockchain games. “We are thrilled to see such a strong vote of confidence in the Flow ecosystem from some of the world’s leading investors in Web3 through their commitment to this fund. Ultimately, Dapper Labs CEO Roham Gharegozlou hopes to encourage the community growth on Flow. The funding round welcomed the contributions of high-profile venture capitalists including Andreessen Horowitz, Digital Currency Group, Union Square Ventures, and Coatue.įor most of these ventures, this is not the first time that they have significantly invested with Flow and Dapper Labs.Īs reported, the fund will invest in token grants, business incubators as well as other resources across different aspects of the Flow ecosystem such as blockchain infrastructure, decentralized finance, gaming, content and creators.
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