World App, World Network’s self-custody wallet, has been integrated with Blockaid, an on-chain security platform.
This integration aims to improve security for developers and users of World Apps. Blockaid said in a press statement on Nov. 26 that the wallet, created by Tools for Humanity and essential to World Network, will offer extra advantages to people investigating the digital asset market and mini-app creators.
Features like World ID, which allows network users to confirm their human identity anonymously, are provided by World App.
This protects their confidentiality and privacy while enabling newcomers to interact with the decentralized banking ecosystem.
Blockaid will keep an eye on on-chain risks, including phishing attempts, cryptocurrency breaches, smart contract exploits, and front-end security. Blockaid and Stellar joined forces in October to defend the network from these dangers.
In the same month, the platform also partnered with Immutable. Currently, Blockaid enables security for wallet interfaces such as Freighter and Lobstr.
Its relationship with World App guarantees strong protection for users interacting with decentralized applications.Â
Blockaid has continuously produced technology to protect users and projects against malevolent actors since its founding in 2022.
The software has scanned over 5 billion transactions and assisted in securing assets valued at over $200 billion.
Blockaid claims its technology helps avert monthly losses of up to $300 million. Blockaid disclosed in September that it had assisted in preventing a possible $700k loss through Angel Drainer.
Among the leading cryptocurrency platforms utilizing Blockaid’s technology are Coinbase, Stellar, and Metamask.
Among other companies, Sequoia, Variant, and Ribbit contributed $33 million to the venture capital-backed platform.
