Fireblocks launches Web3 Engine with developer tools to support the growth of the ecosystem

The Blockchain Infrastructure Provider has unveiled its Web3 engine to promote the creation of products and services in Defi, Gamefi, and NFTs spaces.

May 18, 2022
by Michael
Fireblocks launches Web3 Engine with developer tools to support the growth of the ecosystem
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Fireblocks has unveiled its Web3 Engine, which comprises a suite of tools designed to enable developers to build products and services in the blockchain ecosystem.

The new Web3 Engine provides a Web3 custody technology for powering the creation and direct custody of millions of end-user wallets, a tokenization engine to manage NFT operations from top blockchains, and treasury management for secure storage, transfer, and yield opportunities.

In addition, it enables advanced policy control to Web3 access, and it makes the process involved in the construction of DApps on Fireblocks' tech stack more straightforward.

Commenting on the new technology, Michael Shaulov, CEO of Fireblocks, said:

"In order for this ecosystem to continue to grow, the community is tasked with solving a very critical problem: security. As we already provide a secure platform and a suite of development tools for businesses to build digital assets and crypto businesses, unlocking access to Web3 was an important next step.

With a fully tailored experience for connecting to Web3, we aim to accelerate the launch of a new wave of super apps."

The ability of the Web3 engine to provide security assurance for blockchain projects is of great importance in our space, where any mismanagement of private keys will create a security risk that could lead to the loss of billions of dollars of users' or investors' funds.

Fireblocks supports web3 companies by helping them provide the highest level of protection against various forms of security breaches.

With the features highlighted above, this innovation will power a significant number of blockchain projects, thereby enabling the expansion and growth of the ecosystem.

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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