Latest Hacks, Scams Push Web3 VC to Enlist Quantstamp ‘Security as a Service’

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Don Ho of Quantstamp. Courtesy photo.

Think security is paramount at a retail level? You’re not the only one. Or at least that’s the thinking at top web3 venture capital firms, Lyrik Ventures, Pantera, gumi Cryptos Capital, Republic, and Parafi Capital—along with their respective portfolio companies— that will have access to a suite of security services from Quantstamp.

“This partnership will allow the most promising web3 companies to ship faster and be first to market without compromising security,” says Don Ho, managing director of Quantstamp. “We were one of the first smart contract auditors in the world, and this pioneering spirit is at the core of how we operate. We’re committed now to building the next phase of the ecosystem beyond audits, and by partnering with some of the best venture firms in the space, we’re excited to help securely onboard the next billion users.”

Quantstamp ultimately chose these venture funds as they are all industry leaders with a strong track record of backing innovative and high caliber founders throughout the web3 space. Their portfolio companies will not only be given priority access to Quantstamp audits, but will receive extra support in terms of audit preparation and ongoing securityworkshops.

With numerous hacks and exploits occurring over the past year, the DeFi landscape has continued to grow in both potential and complexity. Through this program, Quantstamp is excited to drive more widespread adoption of best practices both before and after audits.

On a mission to secure the decentralized web, Quantstamp has protected over $200B in digital asset risk from hackers and worked with some of the top names in the industry. More than 250 startups, foundations, and enterprises work with Quantstamp to keep their innovative products safe.

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