Fireblocks launches Web3 engine support on Solana

Blockchain unicorn created Web3 Engine as a set of development tools targeting DeFi, GameFi and NFT products and services.< /p> New

Digital asset custody platform Fireblocks has launched support for Solana, giving its thousands of users access to applications and developer network infrastructure.

Starting Tuesday, Fireblocks users will have direct access to Solana's various decentralized finance (DeFi) and Web3 apps — a move the company says will directly benefit "alternative asset managers" and investors. "capital market players".

"Thousands of businesses are using Fireblocks to access new Web3 products and services," Solana co-founder Anatoly Yakovenko said in a statement. "Starting today, these companies will have immediate access to the depth and breadth of the Solana ecosystem."

The Solana integration will be through Fireblocks' Web3 engine, a suite of tools designed for developers building in the DeFi, GameFi, and non-fungible token spaces. As Cointelegraph reported, Fireblocks Web3 Engine was launched in May this year. Michael Shaulov, CEO of Fireblocks, said his company's Web3 suite provides developers in the Solana ecosystem with a higher level of security when developing products.

Solana has been subject to several high-profile security breaches this year, the latest being a hack that compromised 7,000 ecosystem wallets for $8 million.

Related: Crypto Custody Technology Provider Fireblocks Integrates Tokeny for Token Minting

Solana has placed decentralized finance at the center of its ecosystem development strategy, with its venture arm recently launching a $100 million fund to support DeFi startups in South Korea. Currently, the Solana ecosystem is home to 77 active DeFi protocols with total value locked (T...