Fireblocks announced the launch of support for the non-fungible token (NFT) and decentralized finance (DeFi) sectors based on the Solana blockchain. To do this, a crypto infrastructure company added a network to its functionality.
Users can now interact with Solana applications directly on the Fireblocks platform. At the same time, developers gained access to a set of tools optimized for the security and development of the product ecosystem.
According to the creators of Fireblocks, this integration gives users the ability to directly connect and interact with decentralized applications built on Solana. Thus, the new audience will help in the development of the Web3 technology sector, forming a large single network of users.
Fireblocks CEO Michael Shaulov assured that Web3 Engine Fireblocks will offer third-party developers the highest level of security in terms of customer access to the application ecosystem. It will also significantly affect the evolution of the blockchain network.
Market analysts noted that, according to DeFiLlama, at the time of writing, the total value of funds locked (TVL) in the Solana network was about $1.4 billion, which is the 6th highest among all blockchain networks in the world. The Solana non-fungible token (NFT) community is the second largest in terms of activity and total trading volume.
Experts recalled the great prospects of Fireblocks, which is supported by such large venture capitalists as Coatue and Sequoia Capital. The total business valuation reached $2 billion.
