Flow Blockchain: How It Supports Your Favorite NFTs

NFTs, or non-fungible tokens, are unique, non-interchangeable repositories of cryptographic data stored on a blockchain to validate a digital asset. Used to represent items like videos, photos, artwork and other digital files, NFTs have exploded in popularity. Sales volumes reached $2.5 billion in the first half of 2021. One NFT project, CryptoKitties, was so popular that it overwhelmed the Ethereum network. As a result, the developer behind CryptoKitties, Dapper Labs, created a new blockchain named Flow to tackle weaknesses observed in the Ethereum blockchain. In addition to trying to solve these scalability issues, Flow blockchain also has increased transaction speeds and ease of usage, and lowered transaction costs.

Interested in what the Flow blockchain encompasses? Scroll on as we look at the Flow blockchain, how it works, and how it supports NFTs as compared to the Ethereum network.