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Dapper Labs’ Flow Blockchain Roll Out Tools for Different Activities for Its Crypto Assets

By Shannon Wilson | December 1, 2020

Flow – a blockchain built by the entity behind Cryptokitties and NBA Topshot, Dapper Labs – has reportedly released Flow Port – a token holder-focused solution for managing, staking, and delegating Flow crypto assets. 

Specifically, the details of the development reportedly concentrated mainly on the way users can stake their FLOW tokens via custody providers, nominally Kraken and Coinlist, together with delegating their tokens to currently-existing node operators. 

Individuals who are reportedly looking to run their own node will have to deal with a reviewal process taking up a rather long period, however, where there is a long waiting list that will be “processed on a rolling basis.”

The announcement reportedly revealed support from a major player in the crypto wallet sphere – Ledger – who will be equipping FLOW token holders with native access to Flow Port, through their hardware wallets.

Upstart wallet provider Blocto will reportedly also make access available, along with a cross-chain USDT stablecoin transfer mechanism.

“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,” he said. “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.” Head of Dapper Labs – Roham Gharegozlou – reportedly stated, regarding different venues could be opened up for token holders, having a desire of taking part in the network.

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