CertiK Unveils New Initiative, CertiK Ventures, to Boost Blockchain Development
Summary:
CertiK, a leader in blockchain security solutions, has unveiled CertiK Ventures to support budding blockchain-based platforms. The initiative will involve strategic investments and collaborations with its portfolio businesses like Pantera, LINE, Sei, and Hashkey Capital, by providing resources and expertise. With over $380 billion in digital assets secured and partnerships with over 4,500 blockchain projects, CertiK is enhancing its work in the world of Web3.
CertiK, a leading figure in blockchain security solutions, has publicized the birth of CertiK Ventures, a novel program designed to back nascent blockchain-based platforms. The primary pursuit of CertiK Ventures will be to foster the growth of projects with a paramount focus on security, involve itself in venture capital funding rounds, and build all-inclusive ecosystem partnerships. CertiK's Chief Business Officer, Jason Jiang, celebrated the significance of this program and its potential effects on the Web3 world, stating, "CertiK Ventures is a milestone in our journey to safeguard the Web3 universe. Our goal is to fuel the expansion of innovative projects that will dictate the industry's trajectory, by deploying our extensive knowledge of blockchain security and strategic investments."
CertiK Ventures' portfolio boasts firms like Pantera, LINE, Sei, Hashkey Capital amongst others. The program will make use of CertiK’s blockchain security expertise to furnish its portfolio firms with vital resources and knowledge, with the objective to foster the “creation and implementation” of blockchain technology.
Founded in 2018, CertiK has a firm grounding in blockchain security, and has attracted an impressive roster of technologically-focused heavyweight investors such as Sequoia Capital, Goldman Sachs and others. It has identified more than 60,000 vulnerabilities, including a recent $5 million Wormhole security glitch induced by a “critical bug” in the open-source multichain bridge. With digital asset security worth over $380 billion under its belt, CertiK has collaborated with over 4,500 notable blockchain initiatives, counting Ripple, Polygon, and others amongst them.
Trust Wallet's Engineering Head, Luis Ocegueda, in a Cointelegraph interview, contextualized CertiK's decision to back blockchain development as part of a broader industry narrative that is still in its infancy. He pointed out that while the technological foundations of blockchain continue to evolve, they are yet to coalesce into “a unifying product or unifying experience.”
Published At
5/31/2024 5:00:00 PM
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