Begins Staking Blocto Tokens TORONTO, Nov. 22, 2021 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (NEO: DEFI) (GR: RMJR) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, announced that it has begun staking the DeFi Technologies' Blocto tokens ("BLT") to continue with the launch of its DeFi Infrastructure & Governance business across various blockchains. Blocto, a portfolio company of DeFi Technologies through its DeFi Ventures business, is a blockchain wallet hub that allows users to conveniently and securely access blockchains, use DApps, send and receive their crypto and digital assets. BLT, the utility and governance token of Blocto, serves as the foundation of the ecosystem and the interconnective link between the wallet, Blocto-made products, and their users.
Through Blocto, users can easily manage assets and NFTs across several chains, interact with several blockchains without holding the native tokens, and have a more seamless and customizable user experience with seedless key management.
Holding BLT will provide DeFi Technologies the opportunity to participate in the decision-making regarding the development and marketing of Blocto products, such as the Blocto features to be implemented and the blockchains to be integrated with Blocto products. This ensures that the BLT DeFi Technologies holds will empower the most active users/developers to shape the future direction of Blocto.