The August Flowty Newsletter is here! Looking to get caught up on some of the latest news from across the Flow Blockchain ecosystem? Keep reading!
In this issue, we will be covering numerous topics including:
NBA Top Shot Burn Events
USDC Sunsetting Plan
Updates from MFL & NFL All Day
NBA Top Shot Burn Events
Over the last week, we have seen two new burn opportunities for NBA Top Shot users to participate in.
NBA Top Shot’s Craft for Top Shot Credit Burn Challenge
The community is rejoicing! An opportunity to burn Moments for Dapper Balance! This challenge was straightforward; submit 25 Common Tier Base Set Moments to earn $10 in Dapper Credit. This challenge was completed this morning, with 1,998 collectors participating, meaning 49,950 Moments were burned. With how well this campaign was received by the community, Top Shot hopefully continues to roll more out more of these this season!
Collectin & Connectin’s Cool Cats Burn
Our friends at Collectin & Connectin have launched their own burn competition, specifically targeting Top Shot Moments from the Cool Cats Set. Prizes include a few Legendary Top Shot Moments, Dapper Balance, & a 100 FLOW shopping spree on Flowty! Want to track the latest movement in this competition? Diamond has put together a great dashboard that tracks the Moments submitted and points of all participants. Shop for Cool Cats Moments on Flowty here.
What’s up #onFlow?
USDC Sunsetting Update
In case you missed it, we released a post two weeks ago that outlined the future of USDC on Flow. USDC on Flow is being replaced by a new token called Wrapped USDC (per Flow’s blog post) as part of Flow’s Crescendo network upgrade.
The change to USDC impacts Flowty lenders and borrowers but, together with the Flow Foundation, we turned a challenging situation into a huge win for the Flowty community. All loans (a total of almost $30k) that are impacted by the transition to a new stablecoin on Flow will be repaid on behalf of borrowers. You can read more about the USDC transition in an X thread from our Flowty co-founder Mike.
Since then, we have pushed out an additional post that provides an update on steps we have taken, including preventing any new loan listings in USDC (as of August 16) and removing any existing loan listings in USDC to ensure no newly funded loans are impacted. Flowty will be adding support for the new Wrapped USDC after Crescendo goes live on September 4th.
We appreciate your patience and support as we navigate the ecosystem transition. If you have any questions or concerns, please reach out to us via Discord.
MFL
MFL recently released an updated schedule for S0.8 coming up! If you’re actively involved as an agent or club owner on MFL, you’ll want to ensure you stay up-to-date!
Additionally, MFL has another pack drop coming this afternoon! Packs are available in Dapper Balance or $MFL. Shop for MFL Packs on Flowty’s secondary marketplace here.
NFL All Day
NFL All Day recently rolled out a series of Trade-In events for collectors to participate in! Collectors were able to trade in specific types of Moments to move up on leaderboards for the chance to earn different types and tiers of packs!
As we progress through the NFL preseason, will we continue to see more activations and engagement activities like this for NFL All Day collectors?
#GrailsOnFlowty🏆
We recently saw another Ultimate NFL All Day Moment find a new home. Matty_icee1212 was able to purchase this Ultimate #8 /10 Trevor Lawrence Moment for $4,728.
VinoSuas was able to acquire two new Legendary Cosmic Moments: Damian Lillard for $2,000 & Rookie Ja Morant for $2,500
The BFC DAO purchased a Legendary MFL Goalkeeper, Abdelghani Loucif, for $1,000, making it the highest-rated MFL Player in the BFC DAO’s collection.
Social Spotlight
If you made it this far, thanks for reading! Feel free to reach out with any feedback
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Financial Disclosure:
The content in this edition of the Flowty Newsletter--including guest articles, highlights, updates, and sponsored content--is not to be construed as financial advice. Please use caution and operate within a budget that suits you when transacting on Flowty or anywhere else on the Flow blockchain, including purchasing, offering, renting, loaning, or borrowing. Flowty does not provide financial advice or recommendations.
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