BlockBeats news, on November 19, Forta, a web3 security company backed by a16z crypto, Coinbase Ventures and other investors, has launched a new product firewall to help detect and prevent smart contract vulnerabilities.
Forta raised $23 million in 2021 and is backed by a16z, Coinbase Ventures and others.
The firewall is not Forta’s first product. Andy Beal, head of the Forta Foundation, told The Block that in 2022, the company launched the Forta Network to allow the decentralized finance (DeFi) platform to monitor and detect threats in real time. Beal said the network is used by more than 40 DeFi projects, including Compound, Lido and MakerDAO, and is still running.
Source link
<p>The post A16z-powered Forta launches firewall to prevent smart contract vulnerabilities first appeared on CoinBuzzFeed.</p>
