🛍️NBA Top Shot Marketplace Update
📣 Tomorrow at 12:00 PM ET collectors will be able to list Moments under $1 as well as list Moments over $1 with cents in the pricing (ex: $5.95).
🗒️This will not impact the offer system, offers will remain dollar increments with $1 being the lowest possible offer.
Flowty has been the backbone of our ecosystem for years. Sub $1 listings, bulk tools, loans, rentals, features we can't afford to lose. Hoping @dapperlabs@flow_blockchain can find a way to keep @flowty_io alive. 🙏 #NBATopShot#NFLAllDay
Flowty was never “a job” or “work” for me during these almost-4-years. As a lifelong collector, having this opportunity to work on a such an innovative product will remain a core memory as a rare time you get to combine hobby and income.
Very thankful and proud to have worked alongside @mbl267_NFT, @austin_flowty, and the rest of the @flowty_io team alongside the entire community during these years.
Flowty: Built for Collectors, by Collectors
Sad news, really enjoyed using Flowty... Flowty has been a trusted & useful & unique compliment to the Flow/Dapper ecosystem for years now... Truly hope @hellodapper@NBATopShot@flow_blockchain step up and help find a way for Flowty to live on...
Losing Own the Moment hurt as we lost a meaningful resource but there were other tools to somewhat fill the void.
Potentially losing @flowty_io & the plethora of features not available anywhere else, however, would genuinely do irreparable harm to the @FlowBlockchain & @dapperlabs ecosystem including @NBATopShot & @NFLALLDAY. This would genuinely hurt so many collectors.
#saveflowty
https://t.co/3cfaaMzHej
We need @flowty_io
I'm afraid @dapperlabs will feel the impact of this suspension of services more than they realise due to the unique listing, loan and other features this insanely awesome product offers us collectors @roham
Save yourself, us and @flowty_io@mbl267_NFT
This might become one of the biggest catastrophes the NFT space has seen in years.
Right when the narrative was finally reviving… right when pioneer projects were starting to regain real attention… this happens.
I’ve been in love with the @flow_blockchain since my very first NFTs. Its speed, its true focus on collecting, and the strength of its communities always fascinated me. @flowty_io wasn’t just a marketplace — it was the last real bastion of collecting on Flow. The only place where you could actually trade, lend, rent, and feel safe doing it.
@roham , you’ve said countless times that @NBATopShot is a collecting product built to last over 100 years. How can we let the only real marketplace that made that possible disappear?
We’ve already watched so many projects die on Flow. Now we’re losing the very pillar that kept the rest alive.
If Flowty shuts down, it’s like burying the Mona Lisa two meters underground in a concrete coffin.
Flow projects and collectors: raise your voice.
We have some of the best developers in the entire ecosystem. This chain was born to solve Ethereum’s problems… we cannot turn our backs now.
We either support Flowty, demand a real solution from Dapper and Flow, or seriously consider migrating to ETH or building a decentralized vault with synthetic replicas.
What a damn shame.
Flowty… thank you for everything you did.
You didn’t deserve to go out like this.
@dapperlabs@NBATopShot@NFLALLDAY@bastien_mfl@LaLigaGolazosES@BALLERZ_NFT@Flunks_HotGoss@HoodlumsNFT@flovatar@flowverse_@Seussibles and more.........
This would be a huge loss to the @FastBreakGames community. Wishing the best for @flowty_io and hoping something gets figured out long term.
https://t.co/y1O8idvuEe
😢 I’m sick to my stomach
Flowty… where do I even begin? From sub-1 listings, bulk listing, rentals, and especially Flowty Loans — the services you built were unmatched in the space.
I was late to Top Shot, but I found my footing with Flowty. I became known for doing Flowty loans and truly believed this was going to be one of the biggest game-changers in NFTs.
Where else can you borrow money using your Scottie Barnes jersey match as collateral? 🤔
Praying this isn’t goodbye. @Flowty@dapperlabs — Flowty isn’t just a platform, it’s everything to this community. I hope you see that and find a way to bring it back.
To the whole Flowty team, thank you for everything you did for myself & @collctn_connctn podcast! Your kindness, generosity and hard work was never taken for granted 🫶🏻
Disappointing. Flowty is an invaluable infrastructure product that makes Dapper Labs digital collectibles more dynamic. It would make sense for a deal to be made.
I thoroughly enjoyed working with Mike and Trevor for several months when I created educational content for Flowty.
As someone who has used Flowty to finish off numerous sets, as well as sell/buy higher end moments to reduce fees, I would hate to see Flowty go. @NBATopShot needs to find a way to keep the partnership going. Even if it means increasing fees from 2.5% to ~3% and sharing revenue.
So bummed to see this, @NBATopShot we need you to support @flowty_io it’s where many of us have been able to acquire our grail moments! Great leadership there with @mbl267_NFT I’m sorry to see this go 😔
https://t.co/JONenETmwc
Announcement: Suspension of Flowty Services 📢 [Part 1 of 2]
Flowty Community,
The Flowty team has spent much of the last few months evaluating the best path forward for the platform. We have been building Flowty for over five years, and the platform has been live for over four years. We have a truly incredible community and feel fortunate to have the unwavering support and loyalty of so many of you. You took a chance on a grassroots platform built by Flow community members, and we are forever grateful.
Unfortunately, the reality for Flowty is that the addressable market for NFT services platforms is significantly smaller than it once was and what we imagined it could become. Without structural changes or external support, there is simply not enough volume for Flowty to sustainably operate, let alone thrive.
Next Steps
As a result, we will be pausing most Flowty services while we evaluate strategic alternatives. The following are the steps we are taking for each of Flowty’s core services. Please continue reading to the next section if you would like to support our efforts to resume operations.
Sales Marketplace
Effective in 24 hours
👉 Flowty users will no longer be able to add new sales listings to the marketplace
👉 Existing sales listings will be removed from the marketplace
Loan Marketplace
Effective today
👉 The max loan duration has been reduced from 180 days to 90 days
Going forward
👉 Over the next few weeks, we will reduce the max loan duration to 60 days, then 30 days and ultimately remove the ability to post new loan listings
👉 Borrowers will still be able to repay loans at any time throughout this process
Rationale
👉 We understand that many borrowers utilize a refinancing strategy in which existing loans are repaid with new loans
👉 We want to give those borrowers time to manage and unwind their loan portfolios before loan operations are formally suspended
Rentals
Effective in 24 hours
👉 Flowty users will no longer be able to add new rental listings to the marketplace
👉 Existing rental listings will be removed from the marketplace
Launchpad
Effective in 24 hours
👉 The launchpad feature will be suspended
We understand that this will come as a surprise to some and may be disappointing to those who rely on Flowty. We did not take this decision lightly and wish things had turned out differently. We also believe that, with your help (see below), there may still be a path to restoring services in the future.