Blockaid provides real-time security solutions for Web3 by monitoring on-chain activity to detect and mitigate threats such as fraud, phishing, and hacks. Their technology includes automated workflows and a rules engine that neutralizes malicious dApps and tokens, ensuring safe interactions for users across various blockchain platforms.
Funding
$39M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Web3 users and platforms face increasing threats from fraud, phishing, hacks, and malicious dApps, leading to significant financial losses and erosion of trust. Existing security measures often fail to detect and prevent these attacks in real-time, leaving users vulnerable to exploits.
Solution
Blockaid provides real-time security solutions for Web3, protecting users and platforms from a wide range of on-chain threats. By monitoring blockchain activity and simulating transactions, Blockaid identifies and neutralizes malicious dApps, tokens, and transactions before they can cause harm. Its technology includes automated workflows, a customizable rules engine, and threat intelligence feeds, enabling proactive prevention and mitigation of attacks across various blockchain platforms.
Target Audience
Blockaid's primary customers are Web3 wallets, exchanges, DeFi platforms, NFT marketplaces, and other organizations seeking to protect their users from on-chain security threats.
Features
- Real-time on-chain threat detection and prevention
- Transaction simulation and validation to identify malicious outcomes
- Automated workflows for neutralizing threats and blocking malicious actors
- Customizable rules engine for tailoring security measures to specific use cases
- dApp scanning to identify and block malicious applications
- Token validation to detect and prevent rug pulls, honeypots, and other token-related scams
- Address validation to identify and block malicious addresses
- Threat intelligence feeds providing up-to-date information on emerging threats
- Ultra-low latency APIs for near-instant simulation results
- Support for off-chain EIP-712 message validation