By
Steve Muchoki
April 19th, 2024
The duo of Opera and Elrond are committed to the partnership and have pledged to continually build the product in a way that will draw more users to the Web3.0 ecosystem by lowering the most critical barriers to entry for all.
Norwegian multinational technology company that specializes in web browser development, fintech, as well as services, Opera Ltd (NASDAQ: OPRA) has announced its latest partnership with the Elrond blockchain protocol in which the two outfits will integrate each other’s technologies.
As contained in a press release shared by the blockchain protocol, the integration will afford the more than 300 million users profiled on the Opera platform to gain direct access to Elrond and the many decentralized applications hosted on it. The partnership will be further bolstered as Opera users can adopt Elrond’s assets including the EGLD as the first entry point into the crypto ecosystem.
“Elrond’s novel approach to consensus and sharding algorithms allows it to achieve remarkable performance while using the least amount of energy possible and without overly relying on high-end hardware,” said Beniamin Mincu, Elrond Network CEO “We’re excited to be tapping into Opera’s vast userbase to offer them cheaper, faster transactions as well as access to Elrond’s burgeoning dApp ecosystem.”
Opera has a rich history dating back over 2 decades, and it has fostered the interconnectivity most people have enjoyed on the internet for quite some time. With its high technological inclination, the firm is most open to adopting new technologies that can add extra value to its multi-million user base.
Opera to Expand its Crypto Offerings With Elrond
Opera is not new to crypto technologies as it has a functional non-custodial crypto wallet through which it serves its users. Prior to the integration of Elrond, Opera integrated Ethereum (ETH), Bitcoin (BTC), Polygon (MATIC), and BNB Chain in order to deepen its foothold as a multi-blockchain-enabled platform.
“The seamless integration of Elrond further expands the wide array of crypto-centric services available to Opera Crypto Browser users. Such interoperability is becoming increasingly important for any project aiming to embrace Web3, and we are excited to have another blockchain partner join us on our mission to accelerate the evolution of the internet,” said Susie Batt, Crypto Ecosystem Lead at Opera.
In an interview with Cointelegraph, Danny Yao, senior product manager at Opera said the company is pursuing an active multi-chain policy, one that will position the firm as an easy entry point for Web3.0.
“Our aim is to be an understandable and secure entry point to Web3 for anyone interested in crypto. This also means we have provided a wallet selector feature that lets our users choose which wallet they want to use to interact with a particular DApp,” he said.
The duo of Opera and Elrond are committed to the partnership and have pledged to continually build the product in a way that will draw more users to the Web3.0 ecosystem by lowering the most critical barriers to entry for all.