Hypernative's real-time threat prevention and automated risk mitigation platform will further enhance the resilience of the Ink ecosystem
Hypernative's ecosystem-wide security umbrella detects threats and gives projects precious minutes to respond to avoid damage
The funds from investors including Quantstamp, boldstart ventures, IBI Tech Fund, CMT Digital, Bloccelerate, and Borderless will be used to expand into new verticals and build a Web3 security network.
On December 29, 2022, Jaypeggers, a tax-loss harvesting app for NFTs, suffered a reentrancy attack that resulted in the theft of 15.32 ETH, worth approximately $18,000. Hypernative was able to detect the attack and notify the Jaypeggers team in real-time, providing assistance in the investigation.
When talking about security exploits, this past year has been one of the toughest web3 and crypto communities have ever known. Over $3B was stolen in 2022, with October responsible for $700M. Hypernative strives to create new ways to secure digital assets and web3.
As the use of blockchain becomes more and more prominent, and undoubtedly an integral part of the future, it is important to both acknowledge its advantages and be aware of the challenges it brings with it.
As more people and institutions are participating in web3, taking part in the blockchain, and investing in crypto assets - more hacks and exploits have arisen to take advantage of this new technology that is still not secure.
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