GoPlus will create a permissionless, modular security layer that will fit easily with any blockchain network.
By Anisha Pandey
Edited by Julia Sakovich
Updated
3 mins read
Web3 cybersecurity firm GoPlus has raised $10 million in a private financing round that drew interest from top crypto investors, including OKX Ventures, HashKey Capital, and Animoca Brands, among others.
As it was announced Wednesday on social media platform X (previously branded as Twitter), the multichain security solutions provider seeks to respond to the increased demand from ecosystems that leverage newer technology in the booming Web3 space.
GoPlus will create a permissionless, modular security layer that will fit easily with any blockchain network. The platform is set on helping users feel safe while defending against possible threats in today’s ever-changing cyber landscape.
The whitepaper states that the security layer as a whole intends to be able to provide integrated protection throughout the user transaction lifecycle with the help of a decentralized User Security Network and state-of-the-art AI-powered security solutions for in-depth risk analyses and efficient security services.
To develop and grow this security layer, GoPlus wants to introduce a token. This token would be used mainly for gas fees, which incentivizes developers to interact with GoPlus services in a collaborative and secure environment. GoPlus shared its excitement and appreciation through X:
“We are overjoyed to share that GoPlus Security has successfully raised $10M in a private round to build a modular user security layer for Web3! A huge thank you to our incredible backers! Together, we will build a safe Web3 for all users. Onwards and upwards we buidl.”
In the last couple of years, there has been exponential growth for GoPlus. Since 2022, user security information usage has risen by more than 5,000 times, and API calls are now a staggering 21 million per day.
The whitepaper authored by the firm claims that these growth figures speak to excelling levels of trust and engagement by users, further solidified by the successful launch of SecWareX, GoPlus Network’s innovative Web3 user security product, in March 2024.
26x14eth, the co-founder of 7UpDAO, one of the firms involved in the funding round of GoPlus, highlighted the potential of the project in an X post:
“Go Plus holds a crucial spot in the security space, proving its industry value with a reasonable valuation and not High FDV. The founding team comes from traditional internet backgrounds and delivers solid products and tech. They’re patient, persistent, and have big ambitions.”
GoPlus has extended support for over 20 blockchain networks and cooperated on several RPCs, Rollups, and RaaS projects. It developed its innovative solutions, the SecScan security engine and the SecWare protocol, built on an open security data and computing layer.
It is important to note that in late May, SushiSwap (SUSHI) integrated GoPlus’ “Token Security API to safeguard users’ assets and boost trust in the community,” providing early detection of threats.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.
