As a researcher with a background in cybersecurity and blockchain technology, I am thrilled to see the announcement of GoPlus’ successful $10 million funding round from top crypto investors. With my experience in this field, I understand the growing demand for robust security solutions in the Web3 space, and GoPlus’ commitment to providing a permissionless, modular security layer is an exciting development.
As a cybersecurity analyst at a Web3 firm, I’m excited to share that we recently secured $10 million in a private funding round. This investment round attracted the attention of prominent crypto investors such as OKX Ventures, HashKey Capital, and Animoca Brands, among others.
On Wednesday, social media platform X, formerly known as Twitter, revealed that the company specializing in multichain security solutions aims to address the heightened interest from communities utilizing innovative technology in the rapidly expanding Web3 sector.
As a researcher studying the field of blockchain security, I would describe GoPlus as a versatile and open-source security solution designed to seamlessly integrate with various blockchain networks. Our primary goal is to empower users with enhanced protection against the evolving threats in the cyber world, ensuring a sense of safety and peace of mind.
The whitepaper outlines that the security system aims to ensure comprehensive protection during every stage of a user’s transaction through the use of a Decentralized User Security Network and advanced AI-driven security technologies for thorough risk assessments and streamlined security provisions.
GoPlus aims to expand and strengthen its security framework by introducing a new feature: a token. Primarily utilized for covering gas fees, this token serves as an incentive for developers to engage with GoPlus services in a cooperative and safe manner. GoPlus expressed its enthusiasm and gratitude towards this development through X.
“We’re thrilled to announce that GoPlus Security has accomplished raising $10 million in a private funding round. This significant investment will enable us to construct a flexible user security solution specifically designed for the Web3 community. A heartfelt appreciation goes out to our remarkable investors. With their support, we’ll work towards creating a secure and trustworthy Web3 environment for everyone.”
Exponential Growth and User Engagement
Over the past few years, GoPlus has experienced remarkable expansion. Specifically, since the year 2022, there has been over 5,000-fold increase in the usage of user security information. Moreover, an astounding number of 21 million API calls are made daily.
The report penned by the company asserts that the reported growth statistics signify exceptional levels of trust and interaction among users. This belief is reinforced by the successful debut of SecWareX – GoPlus Network’s groundbreaking Web3 user security solution – in March 2024.
The founder and co-creator of 7UpDAO, identified as 26x14eth, emphasized the promising future of GoPlus in a recent Reddit thread. GoPlus is among the companies that received investment from 7UpDAO.
The Go Plus company occupies a significant role in the security sector, demonstrating its worth through a moderate evaluation and without an excessively high Forward Dividend Valuation (FDV). Its founding members bring experience from the traditional internet industry and consistently produce sound products and technology. They exhibit patience, determination, and harbor grand aspirations.
As a researcher studying the blockchain ecosystem, I can share that GoPlus has expanded its capabilities to accommodate over twenty distinct blockchain networks. Furthermore, it has collaborated on various projects relating to Remote Procedure Calls (RPCs), Rollups, and Request for Applications (RaaS). In terms of innovation, GoPlus has developed two groundbreaking solutions: the SecScan security engine and the SecWare protocol. Both of these advanced technologies are constructed on an open security data and computing platform.
As a researcher, I’d like to highlight an essential development in the SushiSwap (SUSHI) ecosystem. In late May, we implemented GoPlus’ “Token Security API” as part of our platform. This integration aims to protect users’ assets and instill confidence within our community by enabling early detection of potential threats.
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2024-06-05 17:58