Blockchain.com to Support Polkadot Tokens In Its Wallet

Blockchain.com, the popular Luxembourg based crypto data and wallet provider, has collaborated with blockchain interoperability covenant Polkadot.

Blockchain.com stated that it will merge its blockchain wallet with Polkadot ecosystem and promote the adoption and decentralization of Polkadot tokens (DOTs).

Once the deployment is finished, users of Blockchain.com will be able to save, transmit and receive DOTs and also vote on suggested modifications to the network protocol and members of the council.

The latest collaboration intends to encourage the decentralization plan.

Peter Smith, co-founder and CEO of Blockchain.com, stated that Polkadot is “exactly the type of purpose-driven network” that is backed by the enterprise.

He revealed that the group behind Polkadot also envisions more decentralization and user control, similar to blockchain.com.

Two years before, Polkadot was announced as the initial venture of the Web3 Foundation. The venture is backed by the founders of Parity Technologies, Ethereum co-founder Gavin Wood, Polkadot founder and Ethereum’s first security chief Jutta Steiner.

In June 2019, Polkadot revealed that it sold 500,000 DOTs at an unsaid price, retaining a valuation of $1.20 billion. Following the disbursement of crypto tokens, Polkadot unveiled its trial version of the convenant named Kusama.