CoinVoice has recently learned that, according to The Block, Forta is a web3 security company supported by a16z crypto, Coinbase Ventures, and other investors, which has now launched a new product called Firewall to help detect and prevent smart contract vulnerabilities. Forta stated on Tuesday: "Just as Web2 application firewalls filter and block malicious internet traffic, the Forta Firewall takes similar measures for on-chain transactions. The firewall is integrated into the transaction process and blocks malicious transactions before they are included in a block."
The Forta Firewall utilizes a machine learning and artificial intelligence model called FORTRESS, which analyzes and detects high-risk transactions by inspecting transaction logs. The business model of the Forta Firewall involves charging a fixed monthly fee, although Beal declined to disclose the specific amount. Initial clients include Euler, Plume, and Balmy. [Original link]
