On September 26, Singapore's Lianhe Zaobao reported on a series of strategic initiatives announced by Web3.0 security company CertiK during Token2049. Lianhe Zaobao is one of the most authoritative mainstream media in Southeast Asia and a closely watched overseas Chinese media in mainland China. The report said that CertiK launched a $45 million investment plan to improve its upgraded product matrix to provide security solutions covering the entire life cycle of the project. As the most highly valued unicorn in the field of Web3.0 security, CertiK also launched security tools such as Token Scan and Wallet Scan, and opened them to the community for free in response to its commitment to giving back to the community.
The following is the full report:
CertiK Ventures announces $58 million investment plan
During Token2049, Web3 security company CertiK jointly held the "New Round, New Path" event with CertiK Ventures (hereinafter referred to as CertiK Ventures), OKX Ventures and OKX Wallet, announcing that it will comprehensively upgrade its products and services, provide services covering the entire life cycle of the project, and provide link security support for the project.
CertiK Ventures will invest US$45 million (S$58 million) to fully support high-potential projects, and at the same time launch security tools such as Token Scan and Wallet Scan to give back to the community for free.
It is reported that CertiK, as the first unicorn in the Web3 security track, is valued at US$2 billion and is currently the most valuable Web3 security company. Investors include Insight Partners, Sequoia Capital, Tiger Global and Goldman Sachs. It provides security services to more than 4,700 projects in 150 countries and regions around the world, including well-known companies such as Ton, Ripple, Aptos and Binance.
CertiK Ventures has completed the last piece of the puzzle for the full-link security solution, allowing the optimized and upgraded products to cover all stages of a project from its inception to becoming a star project.
In the initial stage, CertiK Ventures provides financial and technical support to the project to promote its rapid growth. After entering the testing phase, CertiK provides professional audit services to ensure the core security of the code.
After the project goes online, the Skynet platform provides it with a security rating to help the project optimize its security architecture, increase market attention, and allow users to have a deeper understanding of the project through Skynet Quest.
During the growth phase, CertiK’s KYC badge service helps project teams build trust with the community and investors. At the same time, penetration testing and incident response services provide continuous security protection for project operations, ensuring project security through real-time monitoring and vulnerability mining.
For projects in the mature stage, customized services such as compliance, anti-money laundering and on-chain monitoring are provided according to the needs of the project parties to support the stable operation of the projects in the complex Web3 environment.
Two security tools are now available for free
CertiK has launched two blockchain-focused security tools in an effort to maximize community benefits.
Token Scan is designed specifically for analyzing token security. Users only need to enter the contract address of the token to obtain a detailed analysis report to help identify various potential risks including "exit scams" and thus evaluate the security of the token.
Wallet Scan is a wallet security monitoring tool with vulnerability authorization checking function, which can scan and identify high-risk wallet authorization issues.
These tools are the result of CertiK's years of security practice experience. In more than 70 white hat operations, CertiK has reported more than 4,000 security incidents, discovered 115,000 code vulnerabilities, and successfully protected more than $360 billion in assets.
In the future, CertiK Ventures will promote more high-potential projects and accelerate the integration of innovation and security in the Web3 ecosystem.
Original link: https://www.zaobao.com.sg/finance/world/story20240926-4850269
