FLOW Crypto, The Digital Asset Behind NBA Top Shot NFTs, Listed On OKEx

OKEx, a leading crypto spot and derivatives exchange, announced on February 23, 2021, that it would list FLOW. FLOW is the native coin of the Flow blockchain. Flow operates as a decentralized platform that is focusing on the new generation of apps, games, and digital assets. The Flow platform has already made headlines with the listing of the NBA Top Shot NFTs. OKEx becomes one of the first crypto exchanges to list FLOW. On OKEx, the FLOW coins will launch with three trading pairs.

About The Flow Blockchain

Dapper Labs is the entity behind the Flow platform. They are the same group affiliated with CryptoKitties, which is one of the most successful digital collectibles games on Ethereum. Users of Flow have the opportunity to be part of the foundation of a new generation of games, DApps, and digital assets.

The National Basketball Association officially licensed NBA Top Shot, which evolved from the Flow blockchain. They are currently working to make NFTs mainstream. Thus far, they have made $45 million in sales over the last 24 hours. In the past week, one blockchain-powered collectible “Moment,” which was a 13-second video of NBA player Zion Williamson, was sold for $100,000.

The OKEX exchange announced that spot trading of FLOW against USDT would start at 5 PM UTC, February 23, 2021. An hour later, trading against BTC and ETH would commence. Deposits of FLOW will start on 3 AM UTC February 23, 2021, while withdrawals will begin on 10 AM February 24, 2021.

The Flow blockchain protocol is designed to scale to support DApps that have mainstream appeal. Smart contracts on Flow are written in the popular Cadence programming language and power apps that serve billions of people globally.

Flow was developed and tested in partnership with several leading global partners such as Warner Music Group, Samsung, and the NBA. Flow is open to all developers that wish to create DApps on the protocol. Developers can create crypto-powered businesses that create new and unique digital assets, which can be bought and sold on open markets.

What Leaders Had To Say

While discussing the listing, the OKEx CEO, Jay Hao said that it was quite exciting to see so much innovation in the NFT sector. He also noted that real progress was being made when it came to creating scalable decentralized applications, which could accommodate mainstream usage. Hao added,

“We are also proud to add that as one of the first exchanges to offer FLOW trading, we continue to strive to ensure a rewarding and enjoyable experience for our users.”

The OKEx CEO noted that Flow was already proving to be a fast and secure platform where developers could create and host digital assets, games, and consumer applications. He concluded by stating that Flow would play a huge role in taking NFTs and crypto mainstream as was already happening with NBA Top Shot. 

Projects like Flow that bank on the success of mainstream brands such as the NBA will no doubt play a major role in the mainstream adoption of NFTs and crypto. They do so by helping to spread awareness of the nascent sector, which leads to increased participation. 

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