Flare: To qualify for FAssets Retro Aridrop, you need to participate in the Open Beta on Coston, Songbird and Flare
Golden Finance reported that Layer 1 solution Flare announced on X platform that to qualify for the FAssets Retro Aridrop, one must participate in Coston's Open Beta project, as well as the upcoming Open Beta testing on Songbird and Flare. FAssets is a cross-chain solution designed specifically for Flare by Flare Labs, which allows tokens from non-smart contract chains (such as BTC, DOGE, XRP) to be safely used in smart contracts on Flare without relying on trust.
Maelstrom Fund: Flare FDV is currently 23% of Chainlink, but "may be undervalued"
Maelstrom Fund, a cryptocurrency investment fund operated by Arthur Hayes' family office, stated that Flare (FLR), a competitor of Chainlink (LINK), is currently "possibly undervalued". Maelstrom Fund believes that the fully diluted valuation (FDV) of FLR is currently about 23% of Chainlink's, and its project integration is less than 10% of Chainlink's based on Ethereum (ETH), but unlike other oracle providers such as Pyth Network, Flare can build its own native ecosystem. Chainlink has many shortcomings in terms of delay and high throughput use cases, and Pyth has left many gaps in the general applicability of cross-use cases. Flare's unique positioning is achieved by combining the above functions with L1 functions. If Flare reaches 50% of Chainlink's fully diluted valuation, the FLR token may rise by about 2.2 times, and if it reaches 75%, it may rise by 3.3 times.
Flare reached an agreement with early investors, promising to invest at least 50% of token sales proceeds in its ecological projects over the next two years.
According to official sources, Flare has announced an agreement with some early supporters (including Kenetic, Aves Lair, and other organizations) to reduce the surplus liquidity of FLR, increase capital inflows to the Flare DeFi protocol, and bring new investment funds to the Flare ecosystem projects. These supporters have voluntarily extended the token ownership period from 2024 to the first quarter of 2026 and agreed to limit token sales to within 0.5% of the daily trading volume for 30 days. In order to support the continued growth of the ecosystem and provide additional incentives for builders, these supporters have also pledged to reinvest at least 50% of all token sales revenue into Flare ecosystem projects over the next two years. Based on current market valuations, potential reinvestment in the ecosystem could reach $35 million.
Google Cloud Joins Flare Blockchain as Validator and Infrastructure Provider
Google Cloud, the cloud division of tech giant Google, has become a validator and infrastructure provider for the Flare blockchain. Flare's Oracle system provides developers with access to decentralized data, allowing smart contracts to be executed based on inputs and outputs from the outside world. Google Cloud is one of 100 organizations adopting this role to the Flare Time Series Oracle (FTSO) on the network. This partnership is a significant step for Flare and highlights the ongoing adoption of blockchain technology by tech giants like Google.