June 4, 2024
Latest Cryptocurrency News

CertiK Launches Ventures to Boost Blockchain Security

CertiK Ventures is set to champion “security-first projects” in the blockchain space, participating in venture capital rounds and forging ecosystem partnerships. Jason Jiang, Chief Business Officer of CertiK, emphasizes the initiative’s significance in securing the Web3 world.

Strategic Investments and Partnerships

The portfolio of CertiK Ventures includes notable names such as Pantera, LINE, and Hashkey Capital, among others. The initiative aims to provide resources and guidance to its portfolio companies. It leverages CertiK’s blockchain security expertise for the development and deployment of blockchain technology.

Leading the Charge in Blockchain Security

Founded in 2018, CertiK has garnered support from heavyweight investors like Sequoia Capital and Goldman Sachs. With over 60,000 vulnerabilities detected and $380 billion in digital assets secured, CertiK has established itself as a key player in blockchain security. Notably, the firm recently identified a critical bug leading to a $5 million security flaw in the Wormhole multichain bridge.

Driving Blockchain Development

Furthermore, CertiK’s foray into supporting blockchain development aligns with the industry’s trajectory, characterized by ongoing innovation and maturation. Luis Ocegueda, Trust Wallet’s head of engineering, underscores the nascent stage of blockchain technology. He emphasized the need for cohesive product experiences.

As CertiK Ventures takes center stage, it signals a concerted effort to fortify the foundations of blockchain infrastructure while nurturing the next wave of transformative projects in the decentralized ecosystem.

Image by freepik

Disclosure Statement: Miami Crypto does not take any external funding, or support to bring crypto news to the readers. We do not have any conflicts of interest while writing news stories on Miami Crypto.

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