FLOW demonstrates relative dormancy followed by bearish slippage

The last time we had a look at FLOW's performance, we observed a support retest at the $1.42 level. Fast forward to the present and the cryptocurrency is up almost 20% after a bullish pivot.

Timeline of Flow

The cryptocurrency market is on the upswing today, with Bitcoin's price rising above $20,500 for the first time in weeks, Ethereum's price rising above $1,500 for the first time since the post-merge turmoil, and the total market cap surpassing $1 trillion after three weeks below that threshold. 

Laliga, the premier soccer league organization in Spain, has announced the launch date of Laliga Golazos, a memorable moment NFT (non-fungible token) platform. The platform, built in partnership with Dapper Labs, will allow users to purchase NFTs with videos of the most memorable goals starting from 2005 to the present.

Venture capital funding for NFT and gaming companies within crypto rose by 66% in August, from USD 507 million in July to USD 842 million. This increase comes during a month when total VC funding within the cryptocurrency sector declined overall, suggesting that it may be NFT and GameFi cryptocurrencies that lead the way out of the ongoing bear market.

The world's largest online ticketing platform is teaming up with blockchain firm Dapper Labs to enable event organizers to mint tickets as non-fungible tokens (NFTs) on the Flow (FLOW) blockchain.

This week, Ticketmaster Entertainment, Inc. revealed the company will give event organizers the ability to mint non-fungible token (NFT) tickets via the Flow blockchain. Last November, Ticketmaster said it was working with Polygon but since Super Bowl LVI, the ticket sales and distribution behemoth started working with the Dapper Labs-managed Flow.

Ticket Master, an American ticket sales and distribution company, and Flow, a decentralized network supported by Web3 builders backed by Dapper Labs, have announced a new partnership aiming at distributing non-fungible tokens (NFTs) for event fans and delivering blockchain-based experiences made ready for its customers. The post Ticketmaster Will Help Event Organizers Issue NFTs Using FLOW Blockchain appeared first on BeInCrypto.

Ticketmaster has quietly minted over 5 million NFTs in the last six months as part of a pilot program. Today it announced plans to expand its initiative into the upcoming NFL season.

Ticketmaster is launching infrastructure for blockchain-mediated event ticketing via NFTs, a long-discussed utility for NFTs. The post Ticketmaster taps Dapper Labs' Flow blockchain to release tickets as NFTs: SBJ appeared first on The Block.

Flow rose for a second consecutive session on Tuesday, as the token climbed by 12% earlier in the day. The rebound comes after prices fell to a one-month low over the weekend. Cosmos was also in the green, as it, too, hit a five-day high. Overall, the global crypto market cap is up 0.

The founder of China's Huawei Technologies has told employees the company must shift its focus from pursuing scale to ensuring profits and cash flow as the global economy enters a long period of recession, media reported on Tuesday.