Unique: Web3 safety platform NotCommon goes dwell backed by $1.5M funding

Unique: Web3 safety platform NotCommon goes dwell backed by $1.5M funding

  • NotCommon is a one-stop store for each artists and collectors to commerce and exhibit work.
  • The platform additionally goals at defending customers and fight the uptick in cybercrime.
  • In 2022 alone, hackers stole $175M in digital belongings.

Coinjournal can completely report that Web3 safety platform NotCommon is now dwell after a $1.5 million funding. The platform presents a one-stop store for each collectors and artists to commerce and exhibit work.

The platform goals at taking the combat towards blockchain fraud by defending customers from the rampant cybercrimes throughout the Web3 house.

Serving to customers maintain their collections secure

Hackers and scammers have minted thousands and thousands of {dollars} from the Web3 business. They discover loopholes and steal private collections placing in query the safety standing of a majority of Web3 platforms. Whereas an excellent variety of the victims are newcomers new to good contracts, seasoned NFT collectors have additionally fallen sufferer to phishing assaults.

Web3 suffers from an absence of the identical security nets witnessed by centralized companies making it troublesome for victims of theft to get well their stolen digital belongings.

Commenting on the rampant safety points going through the Web3 business, NotCommon Co-Founder and CEO Michael R. Pierce stated:

“2022 was a troublesome 12 months for the fame of Web3 normally, however there’s nonetheless palpable curiosity customers and buyers. Nonetheless, there’s a have to make the house safer, and that’s the place we intention to be a driving pressure for safety. For the advantages of Web3 to be realized, there’s a large academic element wanted to onboard new Web3 customers, if we’re going to encourage additional adoption.”

To deal with this downside and assist NFT collectors and artists maintain their collections secure, the NotCommon platform “prioritizes training and safety, giving NFT collectors the instruments they should shield and handle their id in Web3.”

Curated blacklist of web3 fraudsters

NotCommon goals to eradicate safety points throughout the Web3 house and usher in a brand new period of digital creativity by concentrating on safety, security and id safety. To that finish, NotCommon has launched a “curated moderated blacklist of fraudsters, permitting customers to crosscheck folks and entities towards a database of recognized dangerous actors.”

The curated moderated blacklist of fraudsters features a database of the varied kinds of scams which have occurred inside Web3 additional including to its deep useful resource for training about present scams and a live-updated compendium of recognized social engineering methods.

NotCommon customers will obtain custom-made safety alerts based mostly on the collections they’re holding of their crypto wallets. NotCommon’s Chrome extension additionally permits customers to flag phishing accounts and maintain a constantly up to date log of scammers and faux accounts.

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