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HomeCryptoUnique: Web3 safety platform NotCommon goes stay with $1.5 million in funding

Unique: Web3 safety platform NotCommon goes stay with $1.5 million in funding


  • NotCommon is a one-stop store for each artists and collectors to change and exhibit works.
  • The platform additionally goals to guard customers and fight the rise of cybercrime.
  • In 2022 alone, hackers stole $175 million in digital property.

hypesnagger can completely report that Web3 safety platform NotCommon is now stay after a $1.5 million funding spherical. The platform presents a one-stop store for each collectors and artists to change and exhibit works.

The platform goals to take the struggle to blockchain fraud by defending customers from the rampant cybercrimes within the Web3 house.

Serving to customers hold their collections protected

Hackers and fraudsters have created tens of millions of {dollars} from the Web3 business. They discover loopholes and steal private collections that query the safety standing of a majority of Web3 platforms. Whereas a lot of victims are newcomers new to good contracts, skilled NFT collectors have additionally fallen sufferer to phishing assaults.

Web3 suffers from an absence of the identical security web that centralized providers witness, making it tough for theft victims to get better their stolen digital property.

NotCommon co-founder and CEO Michael R. Pierce feedback on the rampant safety points going through the Web3 business:

“2022 was a troublesome 12 months for Web3’s repute typically, however there’s nonetheless tangible curiosity from customers and traders. Nonetheless, there’s a must make the house safer, and that is the place we purpose to be a driving power for safety.” Realizing the advantages of Web3 requires an enormous schooling element to carry on board new Web3 customers, if we’re to encourage additional adoption.”

To resolve this downside and assist NFT collectors and artists hold their collections protected, the NotCommon platform prioritizes schooling and safety, giving NFT collectors the instruments they should defend and handle their id in Web3.

See also  Atomic Wallet security breach results in $35 million in crypto heists

Curated blacklist of web3 scammers

NotCommon goals to remove safety considerations within the Web3 house and usher in a brand new period of digital creativity by concentrating on security, safety and id safety. To that finish, NotCommon has launched a “curated moderated blacklist of fraudsters, which permits customers to cross-check folks and entities towards a database of recognized unhealthy actors.”

The curated moderated scammer blacklist features a database of the several types of scams which have occurred inside Web3, additional including to its deep useful resource for present rip-off schooling and a live-updated compendium of recognized social engineering tips.

NotCommon customers will obtain customized safety alerts primarily based on the collections they’ve of their crypto wallets. NotCommon’s Chrome extension additionally permits customers to flag phishing accounts and hold a repeatedly up to date log of scammers and faux accounts.

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