CertiK Ventures, a well-known provider of blockchain security solutions, has recently launched a new initiative to support the development of on-chain platforms. This move by CertiK reflects a growing trend in the industry. The primary focus of CertiK Ventures is to promote projects that prioritize security, participate in venture capital rounds, and establish strong relationships within the ecosystem. Jason Jiang, the Chief Business Officer of CertiK, highlighted the significance of this project and its impact on the Web3 framework.
CertiK Ventures aims to facilitate the growth and implementation of blockchain technology by offering its portfolio companies access to resources and expertise derived from CertiK’s extensive experience in blockchain security. The impressive portfolio of CertiK Ventures includes notable companies such as Pantera, LINE, Sei, Hashkey Capital, WEMIX, Dora Hacks, Meta Era, Playbux, Shima Capital, SevenX Ventures, Borderless Capital, and Ling Feng Capital.
Since its establishment in 2018, CertiK has attracted significant investment from renowned technology investors such as Sequoia Capital, Goldman Sachs, Tiger Global, and Insight Partners. These collaborations have strengthened CertiK’s position in the industry. CertiK’s expertise in blockchain security is well-regarded, as they have successfully identified over 60,000 vulnerabilities, including a recent critical bug in the open-source multichain bridge that caused a $5 million security breach in the Wormhole project.
The decision by CertiK to support blockchain development aligns with the broader trend in the industry, which is still in its early stages of development. This move demonstrates CertiK’s commitment to advancing the blockchain ecosystem and ensuring the security of on-chain platforms. In the context of current crypto news, Ark Invest has reported a significant outflow of $100 million from a Bitcoin ETF, marking the largest outflow since its launch.