CertiK, a renowned player in the field of blockchain security solutions, has recently unveiled CertiK Ventures, a new initiative aimed at providing support to emerging on-chain platforms.
The primary focus of CertiK Ventures will be on promoting “security-first projects.” The initiative will actively participate in venture capital (VC) rounds and establish partnerships within the ecosystem.
Jason Jiang, the Chief Business Officer of CertiK, emphasized the significance of this initiative and its potential impact on Web3.
CertiK Ventures has an impressive portfolio that 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.
Leveraging CertiK’s expertise in blockchain security, CertiK Ventures will provide resources and guidance to its portfolio companies, with the ultimate goal of supporting the development and implementation of blockchain technology.
Since its establishment in 2018, CertiK has maintained a strong focus on blockchain security and has attracted investments from prominent technology-oriented investors like Sequoia Capital, Goldman Sachs, Tiger Global, and Insight Partners.
CertiK has successfully identified over 60,000 vulnerabilities, including a recent security flaw in the Wormhole protocol that resulted in a $5 million loss. This flaw was caused by a critical bug in the open-source multichain bridge.
Furthermore, the blockchain security firm has safeguarded over $380 billion in digital assets 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 in the industry. However, according to Luis Ocegueda, the head of engineering at Trust Wallet, the technology underlying blockchain is still in its early stages of development and has yet to be transformed into a cohesive product or experience.
In an interview with Cointelegraph, Ocegueda explained that the blockchain technology is still evolving, and there is a need for further refinement to create a seamless and comprehensive user experience.
As the industry continues to evolve, crypto enthusiasts are even disrupting the 2024 election, as highlighted in a recent magazine article.