Blowfish provides a security engine that integrates with web3 wallets to identify and prevent fraud by aggregating risk signals from over ten sources. The platform has successfully scanned 1.3 billion transactions and protected over $10 billion in assets, ensuring a safer user experience in the cryptocurrency space.
Funding
Funding not disclosed
Founders
Product
Problem
Web3 wallets and decentralized applications are vulnerable to scams, phishing attacks, and fraudulent transactions, leading to significant financial losses for users. Identifying and preventing these threats requires aggregating and analyzing risk signals from multiple sources, which is a complex and time-consuming process.
Solution
Blowfish provides a security engine that integrates directly with Web3 wallets to proactively identify and prevent fraud. The platform aggregates and verifies risk signals from over ten sources, including its own internal intelligence, to provide comprehensive protection. By analyzing transactions and messages before they are signed, Blowfish alerts users to potential risks, securing DApp connections and upgrading transaction signing processes. This helps wallets protect their users' funds and ensures a safer experience in the cryptocurrency space.
Target Audience
The primary customers are Web3 wallet providers and developers of decentralized applications (dApps) seeking to enhance the security of their platforms and protect their users from fraud.
Features
- Aggregates and verifies risk signals from 10+ sources.
- DApp Security: Alerts users to harmful DApps before engagement.
- Transaction Security: Simplifies transactions with previews and risk warnings.
- Message Simulation APIs: Provides signing UX.
- Supports multiple chains.