Binance USD is coming to Dapper Labs’ Flow blockchain
The U.S. dollar stablecoin of top crypto exchange Binance, BUSD, has become the latest stable token to announce it will launch on Dapper Labs’ Flow blockchain. Dapper Labs, the team behind pioneering non-fungible token (NFT)-powered games CryptoKitties and NBA TopShot, began working on Flow to address the scaling issues with Ethereum (ETH) that CryptoKitties starkly exposed after launching in late 2017.
Binance's chief compliance officer, Samuel Lim, stated: With Dapper having inked partnerships with top global entertainment firms including Warner Music Group, Ubisoft, the Ultimate Fighting Championship, and Dr. Seuss, the Flow blockchain is showing promise for consumer-scale products and applications. Dapper Labs’ NBA Top Shot, the first game and DApp to launch on Flow, has driven more than $2 million revenue from the sale of collectible NFTs since launching in beta in June.
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