CertiK, a prominent player in the field of blockchain security solutions, has recently unveiled CertiK Ventures, a new initiative designed to provide support to emerging on-chain platforms.
The primary focus of CertiK Ventures will be on promoting projects that prioritize security. The initiative will actively participate in venture capital rounds and establish partnerships within the blockchain ecosystem.
Jason Jiang, the Chief Business Officer of CertiK, emphasized the significance of this initiative and its potential impact on Web3.
CertiK Ventures’ portfolio already includes notable companies such as Pantera, LINE, Sei, Hashkey Capital, WEMIX, Dora Hacks, Meta Era, Playbux, Shima Capital, SevenX Ventures, Borderless Capital, and Ling Feng Capital.
To assist its portfolio companies, CertiK Ventures will leverage the expertise and resources of CertiK in blockchain security. The aim is to facilitate the development and deployment of blockchain technology.
Since its establishment in 2018, CertiK has remained dedicated to blockchain security and has successfully attracted investments from reputable technology-focused investors, including Sequoia Capital, Goldman Sachs, Tiger Global, and Insight Partners.
CertiK has been instrumental in identifying and addressing over 60,000 vulnerabilities. Recently, the company discovered a critical bug in the open-source multichain bridge, Wormhole, which resulted in a $5 million security flaw.
Furthermore, CertiK has safeguarded digital assets worth over $380 billion and has collaborated with more than 4,500 prominent blockchain projects, including Ripple, Polygon, TON, BNB Chain, Sandbox, and Aptos.
CertiK’s decision to support blockchain development aligns with the broader narrative of the industry. According to Luis Ocegueda, the Head of Engineering at Trust Wallet, the technology behind blockchain is still undergoing development and has yet to be transformed into a cohesive product or experience.
In a recent interview with Cointelegraph, Ocegueda elaborated on the early stage of blockchain technology and its potential for growth.
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