Web3 Builders Inc, a new smart contract and non-fungible token (NFT) security startup, raised $7 million in seed funding with backers that included Road Capital and the venture capital arm of NFT marketplace OpenSea. The funding will help build out the products, add new artificial intelligence and machine learning methods, and expand the team.
Alongside the funding, Web3 Builders announced TrustCheck, a free scam prevention tool for those transacting with cryptocurrencies, smart contracts and non-fungible tokens. The Chrome browser extension instantly analyzes the risk of a given crypto transaction by running checks against the company’s machine-learning engine.
TrustCheck uses data from over a dozen sources that cover tens of thousands of reported and validated scams, and hundreds of millions of addresses.
“When we think about the next billion users adopting crypto, you have to take these really powerful concepts, and these powerful engines under the hood, and create really simple...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...