Opera has announced it will be integrating with DeversiFi, a decentralized finance (DeFi) platform. The integration will eliminate the high gas fees and boost network speeds on the web browser.
Opera partners with DeversiFi
For this initiative, Opera and DeversiFi will also work with Gateway.fm, a blockchain-based firm. Opera supports web 3, and through this strategic partnership, it will allow users to transact directly with Ethereum layer 2.
According to the press release, the objective of the deal is to facilitate cheaper transactions and speed up DeFi functionality. Through the DeversiFi decentralized exchange, Opera will access benefits without needing users’ personal data.
Currently, Ethereum is being plagued by exorbitant trading fees making it hard for users to transact on the network. Through DeversiFi, Opera users can transact Ether tokens peer-to-peer, promoting the adoption of Web3.
“Through this integration, the users are able to seamlessly interact with DeFi on a user-friendly interface and experience a completely new way to interact with financial services at low costs, which are particularly relevant for those users who today are being priced out of the market due to high transaction costs on Ethereum,” the announcement said.
Opera’s ventures into crypto
Opera has been pushing hard with its crypto plans. In 2018, the Norwegian tech giant launched the first browser featuring an in-built crypto wallet and decentralization application (DApp). It has also integrated with other networks such as Bitcoin and Celo. Earlier this year, it also announced the launch of a beta version of its crypto browser project.
The Crypto Browser Project seeks to allow users to access timely news and events in the crypto sectors. It also allows users to be part of a community to give them a feeling of the general market sentiment.
Last December, Opera announced its partnership with Polygon. Through this deal, Opera users can interact with MATIC tokens. The move also allowed users on the browser to access DApp platforms such as Aave, SushiSwap and Balancer. They will also access other metaverse and non-fungible token (NFT) platforms such as Decentraland, OpenSea and The Sandbox. Opera has also partnered with Solana.
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