GoPlus Labs Reports Surge in User Security Data Importance for Web3 Risk Management

GoPlus Labs releases a report on the growing use of Web3 user security data for risk management. Their API suite, including Token Risk API, NFT Risk API, and Malicious Address API, provides insights into the security of cryptocurrencies, NFTs, and dApps. The report highlights increasing demand for security tools due to evolving threats, with usage of GoPlus's APIs surging, particularly for token risk assessment. It also showcases ecosystem-specific insights and GoPlus Labs' pioneering role in Web3 security through its User Security Network and token ecosystem, which incentivizes user engagement.

GoPlus Labs Uncovers the Growing Importance of User Security Data in Web3 Risk Management

GoPlus Labs, a renowned provider of Web3 security infrastructure, has released a comprehensive report titled "Uncharted Consensus: The Widespread Use and Potential of User Security Data in Web3." The report delves into the increasing prevalence and potential of Web3 user security data in enhancing risk management practices within the burgeoning Web3 ecosystem.

GoPlus API Suite: Empowering Risk Management

The report showcases GoPlus's comprehensive API suite, which offers valuable insights into the security posture of cryptocurrencies, non-fungible tokens (NFTs), and decentralized applications (dApps). This suite encompasses modules such as:

• Token Risk API: Analyzes risks associated with various crypto assets.
• NFT Risk API: Assesses risks related to NFTs, including unauthorized transfers and self-destruct mechanisms.
• Malicious Address API: Monitors threats by tracking malicious addresses.
• dApp Security API: Enables real-time threat detection for dApps.
• Approval API: Verifies the authenticity of addresses.

Surging Demand for Enhanced Security

The surge in usage of GoPlus's APIs underscores a collective shift towards proactive risk management in the crypto industry. Notably, the Token Risk API witnessed peaks exceeding 20 million calls per day in November 2023, reflecting a heightened interest in identifying and mitigating risks.

Dynamic Threat Landscape

The report highlights the dynamic nature of threats in the Web3 space, with fluctuating levels of "high-risk" tokens, including "blacklisted" and "honeypot" tokens. It also sheds light on the exponential growth of threats associated with NFTs, such as unauthorized transfers and self-destruct mechanisms.

Ecosystem-Specific Insights

Ecosystem-specific data reveals BNB Chain as the most active user of GoPlus's APIs, followed by Ethereum and Polygon. This indicates a widespread commitment to security across different blockchains.

GoPlus Labs: Pioneering Web3 Security

GoPlus Labs has emerged as a trailblazer in Web3 security. Through its transparent User Security Network, the company offers permissionless security data. Utilizing advanced artificial intelligence (AI), it provides a User Security Module as a Service to any blockchain, facilitating a staggering 5000x growth in user security data usage since 2022.

Decentralization and Innovation

GoPlus Labs actively supports over 20 blockchains and collaborates with partners like Altlayer and zkSync. This collaboration has led to the introduction of innovative products, such as "Secscan" and Secware Middleware, which further drive decentralization and enhance security within the Web3 ecosystem.

Token Ecosystem: Incentivizing User Engagement

To further bolster Web3 security and decentralization, GoPlus employs a token ecosystem to incentivize user engagement. The Goplus Token serves as a "gas fee," which is essential for fortifying the user security framework and enhancing its functionality. Additionally, the token fosters user involvement as SecWare, Data, and Computing Node Providers, offering rewards for their contributions.

Conclusion

GoPlus Labs's groundbreaking report underscores the growing significance of user security data in effectively managing risks within the rapidly evolving Web3 landscape. The company's comprehensive API suite, coupled with its emphasis on decentralization and incentivized user engagement, positions GoPlus Labs as a key player in shaping the future of Web3 security.