Flow

2017-01-01

Dapper Labs (then Axiom Zen) launches CryptoKitties on Ethereum; congestion on Ethereum prompts development of a dedicated blockchain.

2020-07-01

Flow blockchain mainnet launches. FLOW token made available to investors.

2020-10-01

NBA Top Shot launches on Flow blockchain, marking Dapper Labs' flagship consumer product.

2021-03-01

NBA Top Shot peaks with over $224 million in sales in a single month and more than 1.3 million transactions.

2021-04-05

FLOW token reaches all-time high of $46.16.

2021-05-01

Class-action lawsuit filed alleging NBA Top Shot Moments are unregistered securities and that Dapper Labs restricted withdrawals to artificially prop up prices.

2021-09-22

Dapper Labs raises $250 million at a $7.6 billion valuation, led by Coatue, with participation from Andreessen Horowitz, Google GV, Bond, and GIC.

2021-10-20

Dapper Labs begins processing customer withdrawals within 2-10 business days and relinquishes direct control over Flow blockchain.

2022-01-01

NFT market peak passes; total market sales volumes begin steep decline from $6 billion monthly high.

2022-11-03

Dapper Labs lays off approximately 22% of its workforce (~134 employees) citing NFT market collapse and macroeconomic conditions.

2023-02-23

Dapper Labs lays off another 20% of staff. Same day, Judge Victor Marrero denies motion to dismiss in NBA Top Shot securities lawsuit, ruling Moments plausibly meet the Howey test.

2023-07-13

Dapper Labs lays off 51 additional employees (~12% of remaining workforce), marking the third round of cuts.

2023-09-29

SEC quietly closes its investigation into Dapper Labs. No reasons publicly disclosed.

2024-04-11

Fortune reports publicly for the first time that the SEC had investigated and closed a probe into Dapper Labs in September 2023.

2024-06-03

Dapper Labs agrees to $4 million settlement of the NBA Top Shot securities class action. Settlement requires further decentralization steps and staff training on securities law.

2025-12-19

Final approval hearing held for the $7.05 million NBA Top Shot video privacy class-action settlement (Facebook data sharing).

2025-12-27

Flow blockchain suffers a $3.9 million protocol-level exploit. Attacker mints fraudulent WFLOW tokens and bridges assets to Ethereum and Bitcoin. Flow validators halt the network. FLOW token falls over 40%. Upbit and Bithumb suspend FLOW deposits and withdrawals.

2025-12-29

Flow Foundation scraps rollback plan after community and partner backlash; releases revised recovery plan preserving full transaction history.

2026-02-12

Upbit, Bithumb, and Coinone announce plans to delist FLOW token.

2026-03-13

Seoul court dismisses Flow Foundation's emergency injunction to halt delisting; rules foundation failed to prove binding listing contract.

2026-03-16

Upbit, Bithumb, and Coinone delist FLOW token. South Korea accounted for an estimated ~50% of FLOW daily trading volume.