A series of novel, well‐defined graft copolymers with polyallene‐based backbones and poly(tert‐butyl acrylate) side chains were synthesized by the combination of the living coordination polymerization of 6‐methyl‐1,2‐heptadiene‐4‐ol (MHDO) and the atom transfer radical polymerization (ATRP) of tert‐butyl acrylate. First, a narrowly dispersed poly(alcohol) with polyallene repeating units was synthesized by the living coordination polymerization of MHDO with [(η3‐allyl)NiOCOCF3]2 as the initiator, which was followed by the transformation of the pendant hydroxyl groups into ATRP initiation groups. Second, the target graft copolymer, poly(6‐methyl‐1,2‐heptadiene‐4‐ol)‐graft‐poly(tert‐butyl acrylate), was synthesized by the ATRP of tert‐butyl acrylate initiated by the macroinitiator. This kind of graft copolymer is the first example of a graft copolymer via an allene derivative and an acrylate monomer.