Security aggregation provider, Blockfence, and decentralized monitoring network, Forta Network, have entered into a partnership to bolster the security of Web3 users. This collaboration aims to enhance user security by using Forta’s monitoring platform to identify suspicious Ethereum smart contracts, protecting Blockfence users from potential losses due to scams, phishing, and wallet drainers.
The partnership entails a thorough examination and mapping of the web3 ecosystem, including on-chain and off-chain data. Blockfence adds layers of security analysis using in-house techniques and strategic collaborations like integrating with Forta Network.
Incorporating Forta Network’s monitoring layer into Blockfence’s core product allows users to access real-time threat protection. Blockfence’s free, open-source, and anonymous browser extension lets users use Forta Network’s threat detection capabilities without connecting their wallets. The partnership provides users with a more secure and transparent environment to conduct their business.
Web3, the next generation of the internet, promises a decentralized, open, and transparent platform with limitless possibilities. However, with great power comes greater risks, and Web3 has attracted bad actors that exploit loopholes and vulnerabilities to their advantage. Therefore, users require innovative and reliable security solutions to prevent threats and protect their assets.
The partnership between Blockfence and Forta Network brings together two security powerhouses to provide Web3 users with a comprehensive and robust security framework. By leveraging each other’s strengths, Blockfence and Forta Network offer a more secure and resilient web3 environment, enabling users to harness the full potential of the decentralized web.