Wormhole

Bitcoin

Meta

<ul>
 <li>The goal of CertiK Ventures is to assist in the development of blockchain technology.</li>
 <li>The decision by CertiK to back blockchain development is indicative of a larger trend.</li>
</ul>
The renowned blockchain security solutions provider <a href="https://thenewscrypto.com/certik-faces-social-media-breach-triggers-phishing-attack/" target="_blank" rel="noopener noreferrer nofollow">CertiK</a> has launched a new venture called CertiK Ventures to back up new on-chain platforms. Promoting “security-first projects,” taking part in VC rounds, and building ecosystem relationships will be CertiK Ventures’ primary goals. Regarding the significance of the project and its effect on <a href="https://thenewscrypto.com/param-labs-and-pixelverse-announce-cross-ip-partnership-to-boost-web3-gaming/" target="_blank" rel="noopener noreferrer nofollow">Web3</a>, CertiK’s Chief Business Officer, Jason Jiang, mentioned its objective.
Jason Jiang stated:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “The launch of CertiK Ventures is a pivotal part of our mission to secure the Web3 world. By combining our years of expertise in blockchain security with strategic investments, we aim to accelerate the growth of innovative projects that will shape the future of the industry.”
</blockquote>
<h3 class="wp-block-heading" id="h-banking-on-blockchain-technology">Banking on Blockchain Technology</h3>
Companies including Pantera, LINE, Sei, Hashkey Capital, WEMIX, Dora Hacks, Meta Era, Playbux, Shima Capital, SevenX Ventures, Borderless Capital, and Ling Feng Capital are all part of CertiK Ventures’ portfolio.
The goal of CertiK Ventures is to assist in the “development and deployment” of <a href="https://www.investopedia.com/terms/b/blockchain.asp" target="_blank" rel="noopener noreferrer nofollow">blockchain</a> technology by providing its portfolio firms with resources and knowledge derived from CertiK’s blockchain security.
Several prominent investors in technology, such as Sequoia Capital, <a href="https://www.goldmansachs.com/" target="_blank" rel="noopener noreferrer nofollow">Goldman Sachs</a>, Tiger Global, and Insight Partners, have joined forces with blockchain security firm CertiK since its 2018 founding. A “critical bug” in the open-source multichain bridge was responsible for a recent $5 million Wormhole security hole, one of more than 60,000 vulnerabilities found by CertiK.
The decision by CertiK to back blockchain development is indicative of a larger trend in the sector, which is still in its “very early” stages.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/ark-invest-sees-100m-outflow-from-bitcoin-etf-largest-since-launch/" target="_blank" rel="noopener noreferrer nofollow">Ark Invest Sees $100M Outflow from Bitcoin ETF, Largest Since Launch</a>

CertiK Launches CertiK Ventures to Support Innovative Web3 Projects

Table of Contents

TheNewsCrypto

Other articles published on May 31, 2024

What Is Cryptocurrency Staking And How To Make The Most Of It? Choise.ai Offers Enhanced Returns ...

Trump's Maga Coin Jumps 7%, Coin Parodying Biden Sinks Despite Ex-President's Conviction In Hush ...

Savvy Way To Make 10X This Summer – Expert Crypto Guide

Donald Trump Convicted: Meme Coins Plummet Amidst Political Turmoil

XRP ETF Is "Inevitable", Ripple CEO Predicts

Animoca founder: $200T crypto market within 10 years

Join our free newsletter for daily crypto updates!