RepubliK, a leading SocialFi platform, issued a press release announcing a partnership with Fireblocks – an enterprise-grade platform that provides a secure infrastructure for storing, moving and issuing digital assets.
6️⃣ Industry-leading partnerships 🤝 The Republic doesn’t play small. They partner with the best, like Fireblocks & Mantle, for best-in-class security and transaction solutions.
— Jcrypto (@JcryptoBtc) November 16, 2023
However, RepubliK will become the first social media platform to use Fireblocks’ technology. In doing so, it will join Fireblocks’ other partnerships including BNY Mellon, ANZ, ABN Ambro and others.
Benefits of integrating Fireblocks solution
Fireblocks technology is used by its many partners for security, transparency and similar benefits. Since user security is RepubliK’s top priority, the integration of Fireblocks is an important step for the platform.
RepubliK will set a new standard for protecting user transactions by integrating this technology.
The company’s press release states that this move will be of great importance for all Web2 users moving to the Web3 space, as Fireblocks’ technology will ensure that the newcomers’ journey is reliable and safe.
Integrating an institutional-grade wallet such as that from Fireblocks is typically complex and expensive, which is why it is rarely seen on customer-facing platforms. However, RepubliK believes that it will be beneficial for its users.
Moreover, it will also increase trust in the forum among Web3 community members. In other words, with better security, RepubliK hopes to ensure that its existing users will stick around and that new users will come to its platform as they move on from Web2 solutions.
Ensuring a seamless transition to Web3
This move will make RepubliK a pioneer in improving security in the SocialFi sector. The platform’s CEO, Daniel He, commented on the move, stating that RapubliK’s focus remains steadfast on revolutionizing the social media experience by integrating best-in-class security solutions.
“This partnership is a bold step toward bridging the gap between traditional web users and the fast-growing web3 space. We are committed to building a safe, transparent and user-centric ecosystem, where creativity and community engagement are at its core,” he added.
In the past, the platform has worked to simplify the Web3 experience to make it seamless and attractive to those who are not tech-savvy and part of the existing Web3 space.
It has also added several monetization options available through the app, including NFT coins and a community-driven governance system.
By making its platform easy for both casual social media users and blockchain enthusiasts, RepubliK saw significant growth and expansion of its presence in the digital social sphere.
As such, the platform is also a gateway to the Web3 space for many newcomers, so better security is of paramount importance as it will provide a positive experience and potentially encourage newcomers to venture deeper into the crypto space.
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