CertiK, a well-known entity in the field of blockchain security solutions, announced the introduction of CertiK

CertiK, a well-known entity in the field of blockchain security solutions, announced the introduction of CertiK Ventures, a new initiative aimed at supporting emerging on-chain platforms.

CertiK Ventures will focus on promoting “security-first companies”, participating in venture capital (VC) rounds and establishing partnerships in the ecosystem.

Jason Jiang, Chief Commercial Officer at CertiK, commented on the importance of the initiative and its impact on Web3:

“The launch of CertiK Ventures is a critical part of our mission to secure the Web3 world. By combining our years of experience in blockchain security with strategic investments, we aim to accelerate the growth of innovative projects that will shape the future of the sector.

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Supporting Blockchain Growth

CertiK Ventures’ portfolio includes companies such as Pantera, LINE, Sei, Hashkey Capital, WEMIX, Dora Hacks, Meta Era, Playbux, Shima Capital, SevenX Ventures, Borderless Capital and Ling Feng Capital.

CertiK Ventures will leverage CertiK’s blockchain security to provide resources and expertise to its portfolio companies, with the aim of supporting the “development and deployment” of blockchain technology.

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Focus on security

CertiK, founded in 2018, focuses on blockchain security and has acquired several large technology-focused investors, including Sequoia Capital, Goldman Sachs, Tiger Global and Insight Partners.

CertiK has discovered more than 60,000 vulnerabilities, including a recent $5 million vulnerability due to a “fatal bug” in the open source multi-chain bridge.

The blockchain security company has also secured over $380 billion in digital assets, working with over 4,500 major blockchain projects including Ripple, Polygon, TON, BNB Chain, Sandbox and Aptos.

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And broadened horizons

CertiK’s decision to support blockchain development reflects a broader industry narrative, which is still “very early days,” according to Luis Osegueda, head of engineering at Trust Wallet.

In an interview with Cointelegraph, Osegueda explained that the underlying blockchain technology is still in development but has not yet been transformed into a “cohesive product or experience.”

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