{"id":93829,"date":"2024-09-19T09:34:03","date_gmt":"2024-09-19T13:34:03","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=93829"},"modified":"2024-09-19T09:34:16","modified_gmt":"2024-09-19T13:34:16","slug":"certik-ventures-to-boost-web3-investment-plan","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/certik-ventures-to-boost-web3-investment-plan\/","title":{"rendered":"CertiK Ventures to Boost Web3 With $45M Investment Plan"},"content":{"rendered":"\n

CertiK's venture arm is undertaking a $45 million-dollar investment to encourage the adoption of Web3 <\/a>in new industry initiatives.<\/p>\n\n\n\n

\"CertiK
CertiK Ventures to Boost Web3 With $45M Investment Plan<\/figcaption><\/figure>\n\n\n\n

An announcement shared with Cointelegraph indicates that CertiK Ventures initiated a $45 million investment plan on Sept. 19 to advance high-potential Web3 projects. The strategy's objective is to expedite the integration and security of the Web3 ecosystem.<\/p>\n\n\n\n

Following the official introduction of its venture arm in May 2024, CertiK made the announcement a few months later. The arm's objective is to support emerging blockchain platforms by leveraging CertiK's extensive experience in blockchain security<\/a>.<\/p>\n\n\n\n

CertiK debutes free community security tools at Token2049<\/h2>\n\n\n\n

CertiK Ventures also disclosed an enhancement to its Web3 services during the Token2029 event in Singapore on Sept. 19.<\/p>\n\n\n\n

Additionally, the blockchain security firm introduced free community security tools, such as Wallet Scan and Token Scan, to assist users in protecting their assets.<\/p>\n\n\n\n

Specifically, CertiK's Token Scan tool offers instantaneous token security tests to identify scams on networks such as Solana. <\/p>\n\n\n\n

Wallet scans enable users to determine whether their wallets are susceptible to risks such as suspicious transactions, authentication vulnerabilities, and interactions with phishing web addresses.<\/p>\n\n\n\n

\"CertiK\u2019s
CertiK\u2019s Token Scan tool. Source: CertiK<\/figcaption><\/figure>\n\n\n\n

Based on its extensive experience conducting over 70 white hat operations, reporting over 4,000 security incidents, discovering 115,000 code vulnerabilities, and safeguarding approximately $360 billion in assets, CertiK developed the Token Scan and Wallet Scan tools.<\/p>\n\n\n\n

CertiK has prominent investors-backing<\/h2>\n\n\n\n

Founded in 2018 by Columbia University and Yale University academics, CertiK has become a critical platform in the blockchain security sector.<\/p>\n\n\n\n

Prominent investors backed the company, such as the United States banking giant Goldman Sachs, Insight Partners, Sequoia Capital\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, and Tiger Global, and significant exchanges like Binance and Coinbase. The company achieved a $2 billion valuation within a few years of its establishment in 2022.<\/p>\n\n\n\n
\"\"

CertiK co-founders Professor Ronghui Gu (left) and Professor Zhong Shao. Source: CertiK<\/figcaption><\/figure>\n\n\n\n

CertiK is also collaborating closely with law enforcement to share evidence of the alleged offenses and details collected during Know Your Customer verifications and close collaborations with industry companies.<\/p>\n\n\n\n

CertiK has rendered security services to over 4,700 initiatives in 150 countries, including Web3 networks and organizations such as The Open Network (TON), Ripple, Aptos, and Binance.<\/p>\n\n\n\n

CertiK Alert, the market monitoring tool, aims to safeguard investors by routinely providing updates on cryptocurrency hacks, scams, and flash loans<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

CertiK’s venture arm is undertaking a $45 million-dollar investment to encourage the adoption of Web3 in new industry initiatives. An announcement shared with Cointelegraph indicates that CertiK Ventures initiated a $45 million investment plan on Sept. 19 to advance high-potential Web3 projects. The strategy’s objective is to expedite the integration and security of the Web3 […]<\/p>\n","protected":false},"author":12,"featured_media":49273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[710,21909,11041,6795],"class_list":["post-93829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-business","tag-certik-ventures","tag-investment","tag-web3-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/croc_1683317544298.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/93829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=93829"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/93829\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/49273"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=93829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=93829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=93829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}