The venture arm of the major blockchain security platform CertiK is working to promote Web3 adoption with a new multi-million 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.
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 Token2029 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.
The firm said CertiK developed these tools based on its experience conducting more than 70 white hat operations, reporting over 4,000 security incidents, discovering 115,000 code vulnerabilities, and protecting approximately $360 billion in assets.
This is a developing story, and further information will be added as it becomes available.