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Opera Partners with Ledger Capital to Explore Blockchain Applications

Talking about web browsers, the place of Opera cannot be trivialized being one of the giants in the game. The internet browsing platform has been covered in reports of a partnership with a blockchain advisory company, Ledger Capital, in order to investigate possible blockchain applications for its products.

The Partnership Agreement

In a press statement released recently, it appears that the two companies would be coming together for the purpose of exploring the blockchain technology and its several use cases, most especially, how it can be deployed within Opera products and its entire ecosystem.
Opera, which was founded 23 years ago in Norway, was reported to have generated operating revenue of $128.9 million and a net income of $6.1 million with about 322 million user base around the world in Q1 of 2018. The company in June filed for an IPO (Initial Public Offering) in the United States with a $115 million target.
It was previously reported that Opera made a record for being the first major web browser with an in-built cryptocurrency wallet. While Charles Hamel, Product Lead of Opera’s crypto wallet was airing his opinion of the project, he said that “paying with the crypto wallet is like sending digital cash straight from your phone … This opens up new possibilities for merchants and content creators alike.”

Opera; Anti-crypto or Pro-crypto?

The position of this Opera web browser as regards cryptocurrency remains uncertain as there are cases where the former has exhibited some pro-crypto policies and times where anti-crypto decisions, deciding what side the company falls in is sort of confusing.
For instance, in December last year, Opera initiated some form of anti-crypto mining in the integrated ads-blocker for its desktop browser, it also went further to execute same policy to its mobile browser versions as well. The procedure was followed by web browser counterpart, Firefox, with the announcement that it would block crypto-jacking malware in its future upgraded versions.
On the pro-crypto position, Opera last month launched a “Labs” special version of its desktop web browser with an in-built crypto wallet. This new version will enable users to approve Web 3.0 and decentralized application (DApps) transactions which are made on their computer using their Android phone. Another important fact about “Labs” is that it might be fully interoperated with a mobile crypto wallet. Earlier in September, it was reported Opera added a feature that allows its users send collectibles from its crypto wallet.
Based on recent moves by major tech companies, one could say that everything blockchain touches become gold, maybe not in every case, but a significant fragment of blockchain application has proven to be successes if well executed and managed. The web browser industry is waking to this reality, and it is only a matter of time before other popular web browsers join Opera in the competition once the result of this project start showing good outcomes.

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