As the world accelerates toward a decentralized future, Fireblocks, a digital asset custody platform, has announced the launch of its new Web3 engine to help foster the development of the Web3 ecosystem.
The company announced on Tuesday that its dedicated Web3 engine includes a set of tools for developers to create products and services in decentralized finance (DeFi), GameFi, and non-fungible tokens (NFT). Fireblocks has also opened up a world of decentralized applications (DApps), exchanges, NFT markets, and more for alternative asset managers and capital market participants.
“Web3 is the future,” said Michael Shaulov, CEO of Fireblocks, adding that “we have already entered a new era of the Internet.” Shaulov said that for the Web3 ecosystem to continue to develop, the community must address one important issue: security.
According to the announcement, the new Fireblocks Web3 engine makes it easier for developers to build DApps on top of the Fireblocks technology stack or securely access the full range of existing web3 applications. Fireblocks enables Web3 companies like Animoca, Stardust, MoonPay, Xternity Games, Griffin Gaming, Wirex, Celsius, and Utopian Labs to protect themselves against human error and hackers.
Web3 has instilled much enthusiasm in the sector, as evidenced by the growth of the market capitalization of Web3 tokens in recent years. It is an ecosystem open to everyone from anywhere and at any time, without restrictions or intermediaries. Many large companies have made significant efforts to harness the potential of Web3.
Google Cloud has recently created an internal team dedicated to building services for blockchain developers and those running Web3-based applications.. Industry leaders like Meta and Amazon have also entered the market, with the participation of Metaverse and the enthusiasm of NFT. Gaming giant Square Enix recently revealed that it would be investing heavily in Web3 games.
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