Fireblocks Discloses New Web3 Engine With Suite of Developer Tools

On May 17, the crypto infrastructure company Fireblocks introduced a new collection of developer tools in order to provide the customers the ability to access non-fungible token marketplaces, crypto exchange platforms, and other services in DeFi.

In addition, features such as treasury operations, risk management tools, custody services, and tokenization mechanism for maintaining minting, burning, whitelisting, and NFT transfers are included.

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The CEO of Fireblocks Michael Shaulov believes that Web3 is the next big thing by adding that “we’ve already entered a new era of the Internet.” Shaulov also suggested that it is essential to ensure the security of Web3 to further its expansion in the future and continued:

“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.”

Moreover, the crypto institution has also introduced support for dApps on the open-source blockchain Terra. The network supports both, unstable TerraUSD (UST) stablecoin, and Luna, which fell nearly to $0 throughout May.

The organization has enlisted several popular clients for such service, including MoonPay, Stardust, Xternity Games, Animoca Brands, Griffin Gaming, Utopia Labs, Celsius, and Wirex. Shaulov also implied:

“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.”

In the past few years, the importance of Web3, an environment without any limitations that is accessible from every part of the world, exponentially increased due to its tokens’ growth in the market. The engine also supports development over more than 30 networks and platforms such as OpenSea, Stellar, Solana, and others.

Fireblocks is a New York-based firm that provides solutions for more than a thousand companies including hedge funds, lending & trading desks, and banks to aid these institutions in managing and storing crypto. The startup is also believed to have a total of $2.5 trillion in digital assets.

Aaron S., Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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