The democratization of Web3 is accompanied by an acceleration of hacks. This industry has to grow fast and need to be built safely. However, Web3 technical teams face challenges in protecting their applications.
Talents and expertise in cybersecurity are rare in all industries, even more so in Web3. It is hard to contunously manage security best practices at each stage of the Web3 application lifecycle.
Unlike standard codebases, once smart contracts are deployed, it is difficult to patch them. This constraint is similar to hardware security, sometimes necessitating recalls for patching.
Due to the Bull/Bear cycles of the market, certain phases are crucial for the development of a Web3 company. Projects need quick deployment to position themselves effectively in their markets.
Our insight reports provide assistance in monitoring the
evolution of vulnerabilities and staying
updated on new solutions for protection.
Of Fund Loss In 2023 In Web3.(Immunefi - 2023 Annual Report)