Flare’s earliest investors, including Hong Kong and US-based Kenetic, New York-based Aves Lair, and others, have doubled down on the leading Blockchain for Data by extending token vesting, limiting token sales, and committing significant new capital to investing across the Flare ecosystem.
Flare Co-founder Hugo Philion added, “I am delighted that Flare’s early backers have demonstrated a strong recommitment of support for Flare’s growing ecosystem. Their further investment into the Flare ecosystem will help the network grow and thrive by providing liquidity to DeFi and investment for projects building on Flare. Agreements over liquidity are excellent for a growing ecosystem.
The reinvestment of 50% of the proceeds of any token sales will support a wide variety of Flare ecosystem projects including:is the blockchain for data: an EVM smart contract platform specifically designed for the intensive data demands of the next generation of blockchain applications, including Machine Learning/AI, RWA tokenization, gaming and social.
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