CertiK Ventures discloses $45M investment plan to boost Web3 #web3_binance

In addition to CertiK Ventures’ $45-million investment plan, CertiK also announced the launch of free community tools, including Token Scan and Wallet Scan. #scantowin

The venture arm of the major blockchain security platform CertiK is working to promote Web3 adoption with a new multimillion-dollar investment targeting new industry projects.

CertiK Ventures launched a $45-million investment plan on Sept. 19 to drive the development of high-potential Web3 projects, according to an announcement shared with Cointelegraph. The plan aims to accelerate the integration and security within the Web3 ecosystem. #ecosystemgrowth

The announcement comes a few months after CertiK officially launched its venture arm in May 2024. The arm targets supporting emerging blockchain platforms in combination with CertiK’s long-running expertise in blockchain security.

CertiK introduces free community security tools at Token2049

In addition to CertiK Ventures’ news, CertiK announced a Web3 services upgrade at the Token2049 in Singapore on Sept. 19.

The blockchain security firm also launched free community security tools, including Token Scan and Wallet Scan, to help users safeguard their assets.

CertiK’s Token Scan tool specifically provides instant token security checks to detect scams on networks such as Solana. Wallet Scan allows users to check whether their wallet is exposed to risks like approval vulnerabilities, suspicious transactions and phishing address interactions.

CertiK

CertiK developed the Token Scan and Wallet Scan tools based on its experience conducting more than 70 white hat operations, reporting more than 4,000 security incidents, discovering 115,000 code vulnerabilities and protecting approximately $360 billion in assets.