Fireblocks adds DeFi and NFT support for Solana

Fireblocks, a leading crypto technology provider that’s supporting a growing number of digital asset businesses, has announced support for various functionalities and features in the Solana (SOL/USD) ecosystem.

In an update Monday, the firm said it added decentralised finance (DeFi), non-fungible tokens (NFTs) and other Web3-based applications for the ninth ranked blockchain network.

Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

DeFi, NFTs and Gaming on Solana

Fireblocks launched a dedicated Web3 Engine offering a suite of developer tools for DeFi, GameFi and NFTs in May this year, unlocking its technology to crypto platforms, dApps, exchanges, and NFT marketplaces.

Leveraging this Web3 Engine will therefore help Solana users and developers maximise interaction and development of applications, boosting a network that continues to see massive user growth despite challenges such as network outages and ecosystem exploits. But Fireblocks could help make the network more secure not just for users but also for developers.

“Fireblocks’ Web3 Engine offers Solana builders the highest level of security when it comes to accessing the blockchain and its ecosystem of applications for their customers.”

Michael Shaulov, the CEO of Fireblocks.

Solana is one of the largest DeFi ecosystems, currently with more than $1.4 billion in Total Value Locked (TVL).