Blockchain-related startup Dapper Labs has raised $725 million in an ecosystem development fund. Funds were provided by Andreessen Horowitz, Coatue, Greenfield One, Liberty City Ventures, Digital Currency Group, Dapper Ventures and others.

The fund will allocate funds in FLOW tokens and fiat to support developers in creation. dapps. The build will focus on the development of games, infrastructure, DeFi and content.

Each sponsor is expected to offer their own support and make their own decisions for selected projects. According to Decrypt, the Dapper Labs team can act as facilitators.

Launched in 2019, the platform runs NFT apps like CryptoKitties, NBA Top Shot, NFL All Day, and UFC Strike, as well as several other dapps, including the NFT avatar project Genies.

According to Flowscan, the number of monthly transactions on the Flow blockchain increased from 3.9 million in September to an all-time high of 11.8 million in February. With 11.4 million in April, the platform has registered a record number of new users and daily transactions in recent weeks.

Recall that in February, USDC operator Circle announced the launch of a stablecoin on the Flow blockchain.