With the prospect of a decentralized future getting nearer, crypto assets custody platform Fireblocks reportedly disclosed details regarding the release of their new Web3 Engine to nurture the growth of Web3 ecosystem.

Specifically, the firm reportedly revealed that the dedicated Web3 engine will come with a set of tools for developers to build solutions and services in DeFi, GameFi and NFTs. 

Fireblocks reportedly also established a gateway for a world of decentralized apps (DApps), exchanges, NFT marketplaces and more for alternative asset managers and capital market participants. 

Michael Shaulov, the current Head of Fireblocks, reportedly share a belief in Web3 for the future, further claiming that “we’ve already entered a new era of the Internet”, and to accelerate the development of the Web3 ecosystem, viable solutions need to be generated for the primary concern – security. 

Per the announcement, Fireblocks’ new Web3 Engine reportedly simplifies the way developers construct DApps on top of Fireblocks’ tech stack, or securely access the entire array of current Web3 applications.

Fireblocks reportedly makes it possible for Web3 companies such as Animoca, Stardust, MoonPay, Xternity Games, Griffin Gaming, Wirex, Celsius and Utopian Labs to establish safeguarding against human error and hackers.

Web3 has reportedly brought upon an extensive amount of enthusiasm across the sphere, as displayed by Web3 tokens’ growth in market capitalization in the past years. 

It functions an ecosystem accessible by any individuals from anywhere and anytime, without any restraints in terms of restrictions or intermediaries. a few top-tier firms have put in major efforts to generate profits from Web3’s potential.