
Forta, backed by Andreessen Horowitz (A16z), has launched its new security tool, Forta Firewall, aimed at preventing smart contract exploits. The Firewall offers real-time screening for blockchain protocols and rollups, blocking malicious transactions before they can be executed. This tool is designed to enhance cybersecurity in the Web3 space by integrating into the transaction flow, thus preventing exploits from being executed. Forta claims that the Firewall can detect over 99% of on-chain attacks with fewer than 0.001% false positives, operating in under 50 milliseconds. The FORT token plays a critical role in this system, acting as gas for transactions on the new chain. The launch follows a $23 million funding round in 2021, with support from investors including A16z and Coinbase Ventures. Forta Firewall is also set to be available for vault creators on Euler Finance, allowing for enhanced security measures for users. Additionally, it has formed partnerships with various protocols, including Plume Network, which has over $3 billion in assets.
Firewall Partners 🤝 @plumenetwork, a trailblazer in real-world asset tokenization with 180+ protocols and $3B+ in available assets, is elevating its security and compliance game through a strategic partnership with Forta Firewall 🏰🎯 https://t.co/FIdL3BDR8S
Forta Firewall is live on Product Hunt 🙀 🚀 Firewall detects 99%+ of on-chain attacks with <0.001% false positives, all in under 50 milliseconds 🫶 Dive in, explore and give it an upvote if you’re inspired🙌 https://t.co/gCGY87fwFt
.@FortaNetwork has launched Firewall, a new web3 security tool designed to identify and prevent smart contract exploits. Forta raised $23 million in 2021 and is backed by @a16z, @coinbase Ventures and others. https://t.co/yvU756Opks https://t.co/sWuN5UhlIT