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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.