"Web3 is at an inflection point as it evolves from an experimental frontier for the early adopters to a space that welcomes anyone, regardless of their level of experience or technical skill," said Urvit Goel, VP, Head of Global Business Development at Polygon Labs. "Security is an indispensable component of the kind of user experience that gets us to mass adoption, with tools like FailSafe paving the way forward."
FailSafe is designed to ensure that digital assets owned by platforms and their end users are protected against malicious attacks. The solution adopts a defense-in-depth approach that secures assets through multiple layers of security: real-time detection of security risks, reduction of attack surface area and interception of malicious transactions. When a threat is detected, FailSafe swiftly intercepts malicious transactions and ensures assets are moved to safety.
“The lack of practical and effective security solutions is one of the greatest obstacles to the mass adoption of Web3,” said Foo Wui Ngiap, Eleos Labs’ Group Advisor. “Just like how the Internet evolved into becoming a safer place over the last three decades, Web3 too has to go through that journey. We’re excited to be part of the pioneers that will accelerate that future.”
To find out more about Failsafe suite of security solutions, head over to www.eleoslabs.io to start engaging with their cybersecurity experts today. Be sure to read our blog for the latest and follow Polygon Labs on socials.
Together, we can build an equitable future for all through mass adoption of Web3!