Kirobo this week announced NFT capability has been added to its Liquid Vault, a non-custodial on-chain wallet. The update also expands its capacity to integrate with decentralized finance (DeFi) services on supported blockchains.
The DeFi ecosystem has also shot up in total value locked, offering investors and traders a plethora of unique services powered by on-chain smart contracts. Both trends are expected to only pick up the pace moving into 2022, as blockchain continues its triumphant march into mainstream finance and entertainment.
With the release, Liquid Vault supports any NFTs based on the ERC-721 standard, enabling users to move their tokens into and out of the vault as well as mint the tokens directly into the vault. The support includes a convenient graphical interface that displays the content associated with every token in a digital album, enabling the users to access and enjoy their possessions directly from the vault. All of the vault’s additional functions, such as backup and, soon, inheritance, will also work with NFTs.
Wallet Connect, the other major new feature in the update, enables users to access almost any smart contracts on supported blockchains. Through Wallet Connect, users can put their assets from the vault to work in a variety of DeFi services, including yield protocols such as Compound and Aave, stake or trade them on exchanges like Uniswap and Sushiswap, and make use of various other decentralized applications (dApps). The update greatly expands the line-up of services available through the vault’s dApp Connect function, bringing it to a whole new level of versatility.
“To become our default way of doing finance, DeFi must be as user-friendly and safe as possible,” says Asaf Naim, CEO of Kirobo. “The features we add in the latest update build up on the powerful foundation that we already have with our core functionality. They offer users the same versatility as any on-chain wallet, but with the extra functions that make it both safer and more user-friendly. With its NFT display and expanded DeFi support, Liquid Vault is the best gateway into crypto that anyone can dream of.”
“In traditional online banking, your app is the one-stop-shop for anything from account management to investment and trading,” says Tal Asa, co-founder and CTO of Kirobo. “With the latest update, Liquid Vault does the same for the blockchain space, granting users seamless access to all leading dApp. The new features allow the Vault to double as the user’s NFT hub for minting, storing, and more, as well as the nexus for all of their DeFi needs, which greatly expands its versatility and functionality.”