Dapper Labs' Flow Blockchain Launches Flow Port To Manage, Stake, And Delegate Their Flow Cryptoassets
Dapper Labs’ Flow Blockchain Launches Flow Port To Manage, Stake, And Delegate Their Flow Cryptoassets
December 2, 2020
Dapper Labs' Flow Blockchain Launches Flow Port To Manage, Stake, And Delegate Their Flow Cryptoassets
Dapper Labs’ Flow Blockchain Launches Flow Port To Manage, Stake, And Delegate Their Flow Cryptoassets
December 2, 2020

Flow Blockchain, the blockchain from CryptoKitties and NBA TopShot developers Dapper Labs, has launched the Flow Port, a tool for token holders to manage, stake, and delegate their Flow cryptoassets. 

It has been reported that how users can stake their FLOW tokens through custody providers such as Kraken and Coinlist, as well as delegate their tokens to currently-existing node operators.

However, those who wish to operate their own node might face a lengthy reviewal process, the report stated that there is a long waiting list that will be “processed on a rolling basis.”

The report also includes support from crypto wallet giant Ledger, who will be allowing FLOW token holders native access to Flow Port through their hardware wallets.

Upstart wallet provider Blocto will also be offering access, as well as a cross-chain USDT stablecoin transfer mechanism.

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Roham Gharegozlou, the CEO of Dapper Labs, noted that the portal opens up a wide range of options for token holders who wish to participate in the network.

He added:

“Flow Port lets anyone create and manage non-custodial Flow accounts with any number of providers, starting with Ledger hardware wallets and Blocto software wallets. Community stakeholders can use Port to manage their FLOW tokens directly, staking to run nodes or delegating to one of the 300 existing nodes that will be up and running by the time staking starts – including nodes run by major partners like Samsung, Ubisoft, and T-Systems.”

Thus, the launch of the layer-one chain has been hotly anticipated by many, and Dapper has been preparing for months on multiple fronts. 

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.