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Jafrin Ahmed
Nov 30, 2020
by Jafrin Ahmed

Dapper Labs Launches Flow Port For Managing Flow Digital Assets

Dapper Labs
Blockchain development company Dapper Labs from CryptoKitties and NBA Topshot have announced the launch of Flow Port for token holders to manage, stake and delegate their Flow digital assets. As stated in the announcement, hardware wallet Ledger will enable the FLOW token holders to access the Flow Port via their hardware wallet. Besides, crypto wallet company, Blocto will enable cross-chain transferring between FLOW and USDT.

Dapper Labs Launches Flow Port

Users can now stake their Flow tokens through custody provider services such as Kraken and Coinlist. They can also stake tokens directly on their Blocto and Ledger wallets through Flow Port.

Meanwhile, they can delegate their token to existing node operators. For those wanting to operate their own nodes, users will have to undergo a review process. The announcement indicated that there is already a long waiting list behind the review, for which it will be processed on a rolling basis.

In a statement Dapper Labs CEO Roham Gharegozlou stated on the importance of Flow port saying:

"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."

Anticipation of Its Layer One-Chain

The launch of the layer-one chain has been anticipated from the likes of the many. Blockchain firm Dapper had been long preparing for it for months.

Preparations included a massive fundraising from hedge funds and NBA players. It even included a Dutch-auction style token that resulted in a 4x price increase from the FLOW community sale. There was even an integration with Binance’s stablecoin, BUSD.

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Dapper Labs Launches Flow Port For Managing Flow Digital Assets
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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