Fireblocks, a provider of crypto custody services, has launched an institutional suite Web3 services. Customers will be able to use liquidity from various exchanges and mint NFTs through this suite. This service has been adopted by many names in the industry and includes gaming asset management for Ethereum-enabled games as well as smart contracts-enabled Blockchains.
Fireblocks Launches Web3 Services
Fireblocks is a cryptocurrency custody firm that wants to increase its range of services in order to attract different types of customers. has announced its Web3 suite. This will give customers new capabilities in decentralized finance, NFT and blockchain gaming. This product provides institutional-grade services for companies working in these areas.
According to reports, several companies have been added to the service by the company, including Animoca Brands and Stardust, MoonPay and Xternity Games. This partnership and others will be able to access the liquidity in NTF markets such as Dydx and decentralized finance exchanges like OpenSea and Rarible.
This suite was in the process of being developed for some time. The company provided an early glimpse at the services and added support for decentralized financial apps to the now-defunct Terra Blockchain, which at that time was second in terms of assets locked. The full suite now supports these services on 35 blockchains, including EVM- and non-EVM projects.
Expanding into new fields
Fireblocks already has a large customer base, including 1,200 institutions. The company has secured more than $2.5 billion in digital assets. However, the service release aims to open Fireblocks’ doors to a wider range of customers.
Michael Shaulov , Fireblocks CEO and co-founder, has been declared:
Our goal is to basically bring all of the security capabilities and security tools that we have built to empower financial firms to use crypto to this new group.
Previous comments by the company highlighted the importance of play to earn, which this suite aims to help, in the future gaming industry. Fireblocks published this blog article on May 4:
The next generation in gaming will likely include NFTs and crypto at some level. The question is not if, but when and how.
