- The goal of CertiK Ventures is to assist in the development of blockchain technology.
- The decision by CertiK to back blockchain development is indicative of a larger trend.
The renowned blockchain security solutions provider CertiK 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 Web3, CertiK’s Chief Business Officer, Jason Jiang, mentioned its objective.
Jason Jiang stated:
“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.”
Banking on Blockchain Technology
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 blockchain 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, Goldman Sachs, 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:
Ark Invest Sees $100M Outflow from Bitcoin ETF, Largest Since Launch
