The Web3 Foundation and Coinbase Custody are two of the world’s largest and most trusted cryptocurrency asset custodians. They have an existing partnership to provide a custody solution for the Polkadot blockchain. Polkadot is a highly scalable shared network. The first protocol aims to provide a secure environment where multiple protocols and applications coexist across chains. The Web3 Foundation is also launching a website (claims.polkadot.network) that explains how customers can claim their dots. Polkadot dot allocation indicator tokens sales were during the pre-launch phase. These tokens now can link their Ethereum-based allocations to their native Polkadot addresses. In addition, the claims process ensures that dot allocations are recorded in the Polkadot genesis block. Clients of Coinbase Custody will receive Polkadot addresses through this process. With this, they can claim their dots directly. “Polkadot is one of the most intriguing cryptocurrency projects currently in development. Interoperability and scaling are two of the most pressing issues confronting blockchain-based platforms today. We’re excited to collaborate with Polkadot and the Web3 Foundation to provide dot token holders with the most secure and effective tools for managing and staking their tokens, “Sam McIngvale, CEO of Coinbase Custody, stated. People who own dot tokens can also earn rewards through Coinbase Custody’s Staking feature. “Polkadot genesi...
