Blockchain.com to Integrate Polkadot Tokens Into Its Wallet

Luxembourg-based crypto data supplier and crypto wallet Blockchain.com has partnered with blockchain interoperability protocol Polkadot.

Driving decentralization

On Aug. 20, Blockchain.com announced it will integrate its Blockchain Wallet with the Polkadot Network in order to drive the adoption and decentralization of Polkadot tokens (DOTs).

Once the integration is complete, users of Blockchain.com will be able to store, send and receive DOTs — and vote on proposed amendments to council members and the network protocol.

The new partnership aims to promote the idea of decentralization. Peter Smith, co-founder and CEO of Blockchain.com, said Polkadot is “exactly the type of purpose-driven network” that the company supports. He added that the team behind Polkadot share Blockchain.com’s vision for more decentralization and increased user control.

Announced in 2017, Polkadot is the first project launched by the Web3 Foundation. The project is being developed by the founders of Parity Technologies, Polkadot founder and Ethereum co-founder Gavin Wood, and Ethereum’s first security chief Jutta Steiner.

In June 2019, Polkadot announced that it sold 500,000 DOTs at an unspecified price — in keeping with the firm’s $1.2 billion valuation. Following the distribution of tokens, Polkadot introduced Kusama, its experimental version of the protocol.