Dapper labs bring the new gaming-focused blockchain to the market dubbed “Flow” which will focus on token staking the most and other operations with crypto-collectibles so let’s read more in our latest blockchain news.
Blockchain development studio Dapper labs brings a new gaming-based blockchain and announced a new advance for its launch of the mainnet for Flow’s blockchain. The users will now be able to experience Flow Port to interact with the products. This company is the company behind Crypto Kitties which was the most popular collectible application in the crypto-space. Flow is the most ambitious project that is developed by the company as the team hopes to launch a new blockchain-based platform that will be focused on open worlds with capabilities that are meant towards game development and operations with unique tokens, collectibles, and other digital assets.
Flow Port is a portal that allows users to create accounts and to interact with the blockchain. The team said that It will now allow users to be able to enjoy the essential features of the network with much confidence that they will be able to interact in a fault-free environment:
“You now have the ability to create a Flow account on Flow Port, and interact with the Flow blockchain, manage your assets, stake, delegate, and more.”
One of the most interesting features announced by Dapper Labs is the compatibility of flow with the popular hardware wallet dubbed Ledger. The users will be able to save the tokens on these devices. What’s even more, the crypto wallet Blocto will add support for FLOW and will be compatible with cross-currency transactions between USDT and FLOW. Since now ETH migrates to PoS, yield farming of DeFi products is skyrocketing so it’s no wonder that Dapper Labs paid attention to the staking features of the network. The users will also be able to stake their tokens on Blocto and Ledger and will be able to take advantage of Kraken and Coinlist as intermediaries.
The users can choose between staking their nodes or to delegate the tokens to a node operator and to receive a commission proportional for the participants without having to be responsible for a node or to risk funds. The evolution of CryptoKitties set a high standard for the company but Flow promised to be even more ambitious than the previous project.
Although the blockchain is the main star of the show, it was not conceived overnight. A few supporters of the company already awaited this development as the company was working for it for quite some time. Dapper Labs even raised huge amounts of money from venture capitalists so that the dream could come true.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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