- Binance Labs has led in GoPlus Security’s Private Round II.
- GoPlus is developing permissionless user-driven security infrastructure for web3.
- The web3 startup is looking to beef up its technology and create a marketplace for web3 security services.
Binance has taken a leading role in GoPlus Security’s Private Round 11 funding. The web3 startup is building a permissionless user-driven security infrastructure for web3. The company said it will use the latest fundraising to finance the expansion of its team and beef up its technology and create a marketplace for security services.
GoPlus’ web3 security marketplace offers multidimensional risk detection with nearly all the major blockchains covered. The company wants to create a secure and more user-friendly infrastructure that will attract the industry’s top talent.
The real-time, dynamic, and automated security detection platform covers a variety of web3 security issues including those affecting tokens, NFTs, malicious addresses, transaction approvals, and smart contracts, among others.
According to GoPlus its solution currently covers 13 blockchains, overseeing more than 2 million data calls on a daily basis, which makes it one of the most significant security data providers in the space.
Commenting on this company’s leading role in GoPlus’ latest private round, Yi He, Co-Founder of Binance and Head of Binance Labs said: “Security is foundational to the ever-growing Web3 ecosystem and community. By supporting consumer-facing solutions like Goplus Security, we hope to see how security services to end users can evolve and prosper.”
On the other hand, Eskil, Co-Founder of GoPlus Security said the company’s primary objectives for the next stage in the development of the security infrastructure include expansion of the Goplus Security API coverage to more blockchain networks, as well as, “building the security service platform and security service marketplace, and building a decentralized security infrastructure.”
“The team is at the stage to onboard 20 different types of security services and solutions, and to decentralize the security service even more by using the modular blockchain or ZKP technology. We are happy to be with Binance Labs on this journey,” added Eskil.
Web3 security has become one of the most exciting investment opportunities in the crypto space. Recently Ankr, a leading web3 developer platform announced some of the liquidity providers had been affected by a $5 million hack that exploited the aBNBc smart contract.
According to a recent report by PeckShield, a web3 security alert protocol accessible via a chrome extension, nearly $3 billion has been lost through Web3 protocol exploits in 2022.
That is nearly double the $1.55 billion reported in 2021 and several times higher compared to the $0.25 billion lost in 2020.
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