[Part 2 of 2]
Flowtyβs Importance to Flow and Dapper Sports
We strongly believe that Flowty brings significant value to the Dapper Sports suite of products and to the broad Flow ecosystem. For builders, creators, traders, collectors, and any other stakeholders in the NFT world on Flow, we are a critical piece of the puzzle.
Flowty offers a permissionless, decentralized, out-of-the-box solution for NFT purchases, sales, loans, rentals, and launchpad services. Said another way, in the absence of Flowty, many current and future NFT collections would need to independently manage or rebuild these services in-house, which, in many cases, is a prohibitively expensive and resource-intensive undertaking for prospective builders. In addition, Flowty offers many unique services on Flow.
To date, Flowty has facilitated:
- $10 million sales volume across almost 2 million transactions
- $5 million in loan volume across thousands of loans
- Hundreds of free NFT collection launches
- Thousands of free NFT transfers between user wallets
- Many of the largest transactions in Flow blockchain history
The following Flowty features are not available anywhere else on Flowβs primary (Cadence) ecosystem:
- Bulk listing
- Fair Market Value integration with LiveToken (and, historically, OTM) valuation metrics
- NFT loans
- NFT rentals
- Automatic and instant feature support for all NFT collections on Flow
- <$1 listings for Top Shot moments (i.e. the trade ticket economy relies heavily on Flowty)
- And much more
Flowtyβs incredible engineering team also built the widely used account linking feature on Flow.
In short, we believe that the Flow ecosystem, NBA Top Shot, NFL All Day and other platforms and collections that rely on Flowty as a service provider would be in a difficult situation without Flowty.
Importantly, Flowty is also the sole marketplace available for Ballerz, Flunks, La Liga, UFC Strike, Dimension X and many other NFT collections with passionate communities. To our knowledge, owners of NFTs from these collections would have limited or no marketplace options if Flowty were no longer in service.
What You Can Do to Help
The only viable path we have identified to ensure the continuity of Flowty is external support from Flow or Dapper. Both Flow and Dapper have been supportive and strong partners over the years, and we are very appreciative. We are at an inflection point, however, and need a long-term solution.
We have had preliminary discussions with the Flow and Dapper teams about what options might be available. We believe the best path toward a sustainable outcome is ensuring they fully understand the value Flowty provides to the ecosystem.
If you value Flowtyβs continuity and feel that it is important for Flowty to continue to provide services on Flow, please take a few minutes to share this announcement with your network or share your thoughts publicly on social media. We would greatly appreciate any support.
Summary
We do not know what the future holds but will be working hard to find a way to keep Flowty around, whether through support from Dapper, Flow or another long-term solution. We will share any meaningful updates as appropriate. Thank you again for your support. Please feel free to reach out at any time via Discord or Twitter with questions.
Flowty: Built for Collectors, by Collectors
Mike (
@mbl267_NFT) and the Flowty Team
flowty.substack.com/p/announβ¦