MAGIC approves grant to develop Enkrypt wallet integration

We are thrilled to announce that MAGIC Grants has approved a grant from the MAGIC Firo Fund to integrate Firo, a leading privacy-preserving cryptocurrency, with the Enkrypt wallet. The integration work will be spearheaded by BlockStars, a renowned web3 development company. This collaboration will include full support for Spark, enhancing the usability and accessibility of Firo within a multi-chain ecosystem. We expect the work to take about 3 months.

Elevating Privacy and Accessibility with Enkrypt

The integration of Firo into Enkrypt wallet marks a significant milestone in our mission to provide users with seamless and secure access to privacy-focused financial solutions. Enkrypt is not just another crypto wallet; it’s a true multichain browser extension wallet developed by MyEtherWallet. With support for over 70 natively integrated chains—including Ethereum, Bitcoin, Solana, and many more—Enkrypt offers a unified platform for managing diverse digital assets.

Why Enkrypt?

• Multichain Support: Access EVM chains, Solana, Parachains, Canto, and the Bitcoin Network—all with a single account.
• User-Friendly Interface: Easy access to the world of web3 with integrated DApps and NFT management.
• One Recovery Phrase: Simplify your crypto experience with one recovery phrase for all chains.
• Security and Control: An open-source, self-custody wallet where users have full control over their digital assets.

By integrating Firo into Enkrypt, we are enabling our community to manage their Firo holdings alongside other cryptocurrencies, all within a single, user-friendly platform.

Full Spark Support

The integration will include comprehensive support for Spark, Firo’s innovative protocol that enhances privacy. This means users will enjoy all the benefits of Spark directly within the Enkrypt wallet, including easy swaps from other assets and improved privacy features.

About MAGIC Grants and the MAGIC Firo Fund

MAGIC Grants is a 501(c)(3) public charity that supports essential public infrastructure for cryptocurrency networks and supports privacy. Through the establishment of semi-autonomous MAGIC Funds, communities can fund various qualifying activities such as educational materials, essential development projects, research, and security audits.

The MAGIC Firo Fund, established in December 2022, operates independently from the Firo Core team and is administered by the MAGIC Board. Funded by generous donations from Firo supporters like Arcadia, donations to the fund are tax-deductible for U.S.-based contributors.

BlockStars

BlockStars, is a blockchain-based software development company committed to bringing the power of blockchain technology to businesses worldwide. BlockStars specializes in developing real-world decentralized applications, smart contracts, NFTs, DeFi apps, and blockchain gaming solutions. Their expertise ensures that the Firo integration with Enkrypt will be seamless, secure, and efficient.

The Benefits of a Multichain Browser Extension Wallet

Integrating Firo into a multichain wallet like Enkrypt offers numerous benefits:

• Convenience: Manage multiple cryptocurrencies across different blockchains in one place.
• Enhanced Security: Benefit from self-custody and open-source security features.
• Unified Experience: Access a wide range of decentralized applications and services without switching wallets.
• Future-Proof: Easily adopt new blockchain innovations as they are integrated into Enkrypt.

Looking Ahead

This integration is a significant step forward in making Firo more accessible and user-friendly. We believe that by partnering with MAGIC Grants, Enkrypt, and BlockStars, we are paving the way for a more private, secure, and inclusive financial future.

About Firo

Firo is a leading privacy-focused cryptocurrency that leverages advanced cryptographic techniques to provide users with financial privacy. By prioritizing research and development, Firo continues to innovate in the blockchain space to deliver unparalleled privacy solutions.

Stay tuned for updates on the integration progress. We are committed to keeping our community informed every step of the way.