Web3 gaming blockchain network Immutable has announced a strategic partnership with Fireblocks, an infrastructure provider, aimed at enhancing the security and management of game developers’ assets. According to Immutable, this integration will offer game developers robust solutions for storing and managing assets related to game economies, NFTs, and decentralized finance (DeFi) protocols.
How Will This Collaboration Benefit Developers?
Immutable highlights that the integration will facilitate better control over assets on its Polygon-supported zero-knowledge Ethereum Virtual Machine (zkEVM) chain. Robbie Ferguson, president and co-founder of Immutable, noted that Fireblocks’ infrastructure would significantly aid game developers in handling assets in NFT and game transactions, ensuring smooth DeFi operations.
The integration not only promises enhanced treasury management for games, developers, and DeFi projects but also aims to bolster security measures. Immutable contends that Fireblocks’ security solutions will play a critical role in safeguarding crypto assets within the Immutable network.
What is Fireblocks’ Role in This Partnership?
Fireblocks is a security service provider specializing in the movement, storage, and issuance of crypto assets. It consolidates wallets, custodians, and financial trade partners on one platform, striving to become the SWIFT system of the cryptocurrency space. Recently, Fireblocks received authorization from the state of New York to offer crypto custody services, allowing it to provide cold storage solutions in the U.S.
Concrete Benefits for Users
These are specific, actionable advantages for users stemming from this partnership:
- Enhanced security for crypto assets through Fireblocks’ robust infrastructure.
- Streamlined asset management for game developers on Immutable’s zkEVM chain.
- Improved treasury management for DeFi projects.
- Seamless NFT and game transaction handling.
- Cold storage solutions available for U.S. clients.
This integration follows Immutable’s decision to close its NFT marketplace as of August 13. The closure aims to focus on expanding its ecosystem through partnerships, with the marketplace having served its purpose of showcasing Immutable’s software development kit capabilities. Despite the marketplace closure, user assets will remain accessible via their wallets and visible on other marketplaces with similar features.