Opera Joins Forces with Solana Labs

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Key Takeaways:

  • Opera joins forces with Solana Labs to integrate the Solana blockchain into its browser and support its DApps.
  • The SOL token didn’t report an upsurge after this news. On the contrary, the token has dipped over 19% throughout the seven days.
Opera Joins Forces With Solana Labs To Integrate The Solana Blockchain Into Its Browser And Support Its Dapps
Opera joins forces with Solana Labs to integrate the Solana blockchain into its browser and support its DApps

The competition for the next big Web 3 tech giant is brewing up. Opera browser is the latest to join this competition. It entered the competition with an announcement that it would offer Solana support. Through this partnership, users will access a wallet and provide full compatibility for dApps. A press release from Opera on December 10 stated that the browser was partnering with Solana Labs to add support for the fastest blockchain. In addition, this partnership will allow it to run the Solana wallet alongside all the dApps on the platform.

Opera posted a tweet noting that,

“Opera joins forces with @Solana! The integration will enable Opera Android users to enjoy seamless access to Solana Dapps alongside low-fees and fast transactions within the ecosystem. You’ll be able to access it through Opera in Q1 2022.”

This isn’t the primary challenge of the Opera browser in blockchain generation and cryptocurrency. The current partnership can be attributed to the modern-day hype surrounding Web 3. While such information commonly causes pleasure throughout the market, the SOL token didn’t report an upsurge. On the contrary, the token is one of the maximum affected through the current bearish trend. The token has dipped over 19% all through the seven days. It was trading at around $170 at writing, which is 34.1% below its ATH.

Opera has been providing web3 support and a built-in crypto wallet in its browsers both on mobile and desktop since 2018. Opera’s vision has been to remove the hurdles associated with using web3 and crypto to make it more appealing and usable by a wider audience. The company cleared the first hurdle by making web3 a seamless experience, available directly in the browser.

As the interest in web3 and DeFi grows, Opera is taking the following steps to integrate faster blockchains with lower transaction costs amid a growing community of developers and users. The Solana blockchain brings fast, low-fee transactions that will help onboard more people to web3 and DeFI. Although Opera will bring direct access to Solana to its hundreds of millions of users, Solana will first be integrated into Opera for Android. Solana allows for lightning-fast finality and meager transaction fees of $0.00025. Solana also boasts a growing ecosystem of dApps, including Serum, Raydium, Metaplex, Orca, Audius, and more.

Susie Batt, Crypto Ecosystem Lead at Opera, said that,

 “Solana has the goal of onboarding one billion people to crypto. That’s a goal we share. No other browser company has been at the forefront of web3 as early on as Opera. We are thrilled to be collaborating moving forward”. 

Austin Federa said that,

 “The path to 1 billion users can’t be built by just two or three platforms. This integration will give tens of millions of new users even more choices of how to connect to Solana and work to keep the dream of the open web alive and well. The mobile web3 revolution has barely just begun, and Opera is helping lead the way.”

Besides working with Solana, Opera has also launched its native cryptocurrency wallet that will support DApps. The wallet also comprises other features that will boost the adoption of blockchain technology.

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Chaahat Girdhar

I'm Chaahat Girdhar, a journalist by profession who's turning her dreams into vision and vision into reality. I'm curious and have an appetite for gaining new knowledge. So I'm looking forward to learning things in the better way possible.