Quick take:
- Fireblocks has unveiled a suite of developer tools and a portal allowing customers to access Web3 products across multiple blockchains.
- The leading blockchain infrastructure provider’s new product will allow users to access games, NFTs and DeFi.
- The new product dubbed Web3 engine will also include custody services, treasury management, and risk mitigation tools.
Leading blockchain infrastructure provider Fireblocks has unveiled a suite of web3 tools and a portal allowing customers to gain access to blockchain games, decentralised finance (DeFi) and non-fungible tokens (NFTs) across multiple blockchains.
The service, dubbed Web engine will also include custody services, treasury management, and risk mitigation tools. The tokenization system will allow users to whitelist, mint, burn and transfer NFTs.
The product will also act as an access portal to leading marketplaces like OpenSea, Rarible, Uniswap and dYdX directly from the Fireblocks console, allowing institutions to explore opportunities in the Web3 space. Animoca Brands, Stardust, MoonPay, Xternity Games, Griffin Gaming, Wirex, Celsius and Utopia Labs have already signed up for Fireblocks’ first-of-its-kind service.
Commenting on the Web3 engine unveiling, Michael Shaulov, Fireblocks’ CEO and co-founder said: “The goal is to essentially bring all the security arsenal and capabilities that we’ve built for empowering financial firms to operate with crypto to this new group of players.”
Shaulov told Forbes that his company already serves 1,200 institutions, including exchanges banks, lending and trading desks and hedge funds helping them transfer over $2.5 trillion worth of digital assets.
The Web3 space has become a magnet for innovation with top technology companies looking to leverage the rapidly growing community by introducing products that facilitate the onboarding of members like gaming, NFTs, and DeFi.
As a result, the industry is beginning to witness rising levels of mergers and acquisitions as venture capital activity intensifies. Just recently, leading NFT marketplace OpenSea acquired NFT aggregator platform Gem to improve user experience by leveraging Gem’s market screening and analytics features.
On the other hand, the leading crypto exchange platform Coinbase, which scaled its product offering to include NFTs launched a similar service to Fireblocks’ Web3 engine allowing users to access Ethereum-based applications directly from the Coinbase app, including non-fungible tokens from both OpenSea and Coinbase NFT.
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