CertiK Ventures also disclosed the introduction of complimentary community tools, including Token Scan and Wallet Scan, in addition to its $45 million investment plan.
CertiK’s venture subsidiary is undertaking a new multi-million-dollar investment to encourage the adoption of Web3 in new industry initiatives.
An announcement shared with Cointelegraph indicates that CertiK Ventures initiated a $45 million investment plan on Sept. 19 to facilitate the advancement of high-potential Web3 projects. The objective of the strategy is to expedite the integration and security of the Web3 ecosystem.
Following the official introduction of its venture arm in May 2024, CertiK has made the announcement a few months later. The arm’s objective is to provide support for emerging blockchain platforms by leveraging CertiK’s extensive experience in blockchain security.
CertiK Ventures also disclosed an enhancement to its Web3 services during the Token2029 event in Singapore on September 19.
Additionally, the blockchain security firm introduced free community security tools, such as Wallet Scan and Token Scan, to assist users in protecting their assets.
The company stated that CertiK created these tools as a result of its experience in conducting over 70 white hat operations, reporting over 4,000 security incidents, discovering 115,000 code vulnerabilities, and safeguarding approximately $360 billion in assets.
