Flow was created by Dapper Labs, a group of developers and software engineers who have worked on projects such as CryptoKitties, Dapper Wallet, and NBA TopShot. Flow is a decentralized, developer-friendly Smart Contract Platform aimed at creating a new gaming, application, and digital asset operating platform.
Flow was designed to scale without the use of sharding techniques, resulting in fast and low-cost transactions suitable for dApps such as NFT marketplaces and crypto games. This network is built on a brand-new architecture that is designed to scale without fragmentation, allowing for massive gains in throughput and speed while maintaining a developer-friendly and ACID-compliant environment.
FLOW is a Flow ecosystem utility token that is used for the following purposes: