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The decentralized altcoin added to the price after listing on the largest American cryptocurrency exchange Coinbase.
The Flow token (FLOW) will begin trading on Coinbase Pro paired with Tether (USDT) after the liquidity conditions are met.
The Flow blockchain is designed for developers of games, applications and non-fungible tokens (NFT).
According to the project’s website, Flow currently has more than 7,000 developers, about a thousand active projects, as well as 1.2 million wallets making monthly transactions.
Flow is the development of the Dapper Labs team, which also created the popular game CryptoKitties. The NFT game allows players to buy, collect and sell virtual cats.
The Flow blockchain makes functional improvements directly to the protocol layer, allowing users to make payments and participate in network management.
The native FLOW token can also be used to pay for various network services and data storage, as well as for staking and node verification.
Coinbase’s listing news led to an 8.6% jump in Flow’s price from $2.78 to $3.02, then the rate corrected to $2.96.
Dapper Labs is actively entering into partnership agreements: earlier cooperation was established with NBA, Warner Music Group and Ubisoft, in the future it is planned to cooperate with fashion brands.
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