Blockchain offers a grand narrative. Still, recurring, serious security incidents are like blobs on an otherwise beautiful painting. It turns the blockchain world into a dark forest, causing huge financial losses and an obstacle to the development and implementation of blockchain on a larger scale. Security is an issue that cannot be avoided as everyone’s basis. As a result, providing security services with low threshold, low cost, high efficiency and widespread coverage becomes an absolute necessity.
Recently, Web3 security infrastructure closed a multi-million dollar private funding round from investors such as Go+ Security, Crypto.com Capital, Huobi incubator, KuCoin Ventures, Arweave, Harmony, Avatar and Neo.
We discussed the platform in an interview with Mike, the founder of Go+ Security, Web3 security services, the platform’s role in security development, and much more.
one. Congratulations on the final funding round! What is the short-term development and focus of Go+ Security?
In the short term, Go+ Security will focus on improving risk detection efficiency, optimizing for high concurrency and launching a beta version of our own DAO. The token detection API, malicious addresses API, and NFT authentication API are all available now. More than 50 projects offer their users Bitkeep, Li.Fi, Mask Network, Coinbrain, AveDex, MSGSender etc. uses our API data to provide security services, including
2. What are the differences between security services for businesses and individuals? What is the focus of Go+ Security? Why? Why?
First, the threshold is different. In general, businesses have specialists who can provide complete code, a logic framework and smart contract deployment structure, and have specific skills in detecting and addressing risks. For individual users, this is almost impossible.
Second, the content is different. Attacks against individuals are more frequent, with more points of attack and more scenarios in which they can occur. Fraud is the biggest risk, and some don’t have to trust any technical application at all. This puts more emphasis on the security of individual users.
Finally, the approach is different. In light of the typical user’s inability to detect risk and their more complex needs, we must provide them with proactive security services rather than reactive responses.
As a result, Go+ Security is focused on improving personal user experiences. Individual investors are not well equipped to protect themselves against hackers and yet there is not enough security service available for them. Go+ Security believes that individual-level security services will be a direct result of addressing industry hotspots.
Currently, Go+ Security’s token security API allows individual users to control token security through one-click submission of contract addresses. The system has detected over 1.1 million tokens and receives over 30 million API requests each month.
3. How does Go+ Security work with developers? What is your role in the security ecosystem?
Go+ provides security data query services to all partners via API. All developers can quickly access the API through simple HTTP calls and then provide customized security features for their users.
Based on Go+ Security services, our partners have developed several use cases including telegram Bot, cross-chain bridge asset detection and wallet asset detection. The Go+ API was able to expand its scope through active collaboration with developers. Meanwhile, Go+ is also working on the development of multi-chain security monitoring, actively participating in the development of security standards and building the Web3 security ecosystem.
4. Go+ has received support from several leading public chains in this funding round. What do you think about win-win strategies for everyone?
For a public chain, security is on its bottom line, and the building of the ecosystem determines its future. A serious security incident can be devastating to a public chain’s users as well as its own capital and reputation. Go+ Security provides protection for the public chain ecosystem with real-time asset risk detection and identification of fraudulent and malicious assets.
At this point, all public chains are focusing on building ecosystems to attract more developers and build outstanding dApps. Go+ Security hopes to provide security services to a wider range of dApps on more public chains and develops our multi-chain deployment at a high pace. Currently our token detection service supports 8 popular public chains including Ethereum, BSC, Arbitrum, AVAX and Polygon. We aim to increase our security services to 15 chains by adding 7 chains by the end of the year.
5. Could you briefly introduce your team?
All product team members are veteran security experts with over 10 years of experience. They have developed and operated several products with over 100 million downloads. All major members have more than 5 years of blockchain R&D experience and have launched various security products including data websites, security-focused wallets and of course the Go+ Security API.
6. What is the role of the Security DAO in the Go+ ecosystem? How does it work?
Go+ Security believes that to solve the problem of supply-demand imbalance of security resources, we need to better cooperate with other security-focused projects, integrate fragmented services and increase the efficiency of security services.
Go+ Security’s goal is to create a core collaboration framework through open data, methodology and service integration so that more security-focused projects can benefit from an open mechanism to participate in the field. Security DAO will be the basis of this mechanism, on which we try to build an open, transparent, reliable collaboration mechanism with real world business logic. Go+ Security is the enabler of this mechanism, not the decision maker.
Go+ Security separates business mechanisms from security applications for obvious reasons. The inefficiency of business mechanisms seriously hinders the effectiveness of existing security services. The frontend cannot enter valid instances and the backend cannot evaluate the effect, so these are all repetitive boondoggles. Although we cannot run everything under a collaborative framework, users will have to pay high prices for low-quality services. Using a DAO-based open collaboration framework can improve the efficiency of business mechanisms.
7. What are your plans or thoughts about the future business model and tokenomics?
While Go+ Security has not released its own token so far, its tokenomics is clear:
- Those who provide information about risk will be rewarded.
- Risk management services providers will be rewarded.
- Partners who share resources will be rewarded.
Reward factors will be determined by the value of the contribution and its impact on our security services. Go+ Security hopes to launch the Security DAO in the third quarter. Stay tuned.
For more information about Go+ Security, visit the official website.
Disclaimer: This is a paid post and should not be considered news/advice.