Cryptocurrency custodial company Fireblocks has unveiled a ‘Web3 Engine’ to enable companies to create an infrastructure for NFTs and decentralized gaming.
The adoption of decentralized web services has been growing among institutions like Japanese bank Nomura, which unveiled a subsidiary for DeFi and NFTs for clients.
Fireblocks CEO Michael Shaulov says that the firm collaborates with Banks and institutions aiming to enter into the decentralized finance space, including Aave Arc. The executive adds that Web3 Engine could reach a bigger community of developers.
Shaulov adds that the developers around gaming, social media, and entertainment are already working with DeFi aside from the financial institutions. The executive added that the engine is an SDK linking to a wider network of marketplaces, exchanges, and other bridges.