Fireblocks launches support for Solana NFTs, games and DeFi

Quick Take

  • Fireblocks has added support for Solana applications.
  • The venture-backed crypto infrastructure firm is adding support for Solana, according to a Tuesday announcement.
  • Users will be able to interact with applications directly in Fireblocks’ platform and access a suite of building tools optimized for security.
 
 

Crypto custody and services firm Fireblocks is now supporting Solana-based applications.

This integration enables Fireblocks users to connect and interact directly with decentralized applications built on Solana. Developers also will be able to utilize a suite of tools that increase security for builders working in Solana’s ecosystem.

“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,” Fireblocks CEO Michael Shaulov, said.

Solana, as of this writing, currently holds about $1.4 billion in total locked value and is the sixth-largest chain by this metric, according to DeFiLlama. Solana’s non-fungible token (NFT) community is the second-most active across all blockchain ecosystems, currently ranking second in total volume traded.

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The growing use of crypto, and NFTs in particular, has led to a parallel upswing in scams and hacks. According to Ellipitic, more than $100 million worth of NFTs have been stolen in the last year.

Solana, the second-largest chain by total NFT volume, is one such target. Wallet service Slope was hacked for $5 million earlier this month, as The Block reported.

Fireblocks, which is backed by VCs such as Coatue and Sequoia Capital, raised a $310 million Series D funding round in July of last year. That round valued the firm at $2 billion. In January this year, it raised a further $550 million at an $8 billion valuation.

 

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Mike is a reporter covering blockchain ecosystems, who specializes in zero-knowledge proofs, privacy, and self-sovereign digital identification. Prior to joining The Block, Mike worked with Circle, Blocknative, and various DeFi protocols on growth and strategy.