Fireblocks unveils new Web3 engine and enterprise tools to support DeFi and NFTs

The Blockchain custodial platform Fireblocks launched a new Web3 engine to guide developers’ creation process when building DeFi, NFT and GameFi apps.
May 18, 2022 - Cynthia Chung

Blockchain digital asset security and development platform Fireblocks launched a new Web3 engine to allow DeFi, NFT and GameFi developers and their products to build apps on its infrastructure. It also enabled access to exchanges and decentralized applications and NFT marketplaces to connect with alternative asset managers and capital markets participants


Users can accept and manage their crypto assets like NFT and crypto in a safe and secure environment via the new Web3 engine. 


According to Fireblocks’ announcement, the Web3 engine will provide maximum protection against human error and attacks by hackers for leading companies like Animoca, MoonPay, Stardust, Xternity Games and Celsius. 


Fireblocks’ Web3 engine features Web3 custody technology to support creation and custody of end-user wallets; connectivity across more than 35 Blockchain networks such as OpenSea, Rarible, Uniswap and access to leading DApps from the Fireblocks’ console; a tokenization engine to manage the lifecycle for whitelisting, minting, burning, token transactions; Rest application programming interface (API and SDKs) for developers to access Fireblocks’ features with a user-friendly code library and governance of Blockchain protocols; treasury management via the engine’s wallet ‘Fireblocks’ WalletConnect’ for storage, transfer and yield benefits; advanced policy control to enter transactions and set transfer amount limits for smart contracts. 


‘Web3 is the future and we've already entered a new era of the Internet. 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. Now, with a fully tailored experience for connecting to Web3, we aim to accelerate the launch of a new wave of super apps.’ said CEO of Fireblocks, Michael Shaulov. 


Developers entered the Web3 ecosystem in masses resulting in the all-time-high growth in December 2021. Over 18,000 monthly active developers were committing code in open-source crypto and Web3 projects, according to a report by Electric Capital. Meanwhile more than 25,000 developers are working on DeFi projects. 


Photo: Fireblocks


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