TechFlow news, November 19 — According to The Block, Web3 security firm Forta has announced the launch of a new product called Firewall, designed to identify and prevent smart contract vulnerability attacks. Firewall leverages machine learning and the AI model FORTRESS to analyze transaction logs and detect high-risk transactions, assigning each transaction a risk score between 0 and 1, with scores closer to 1 indicating higher likelihood of malicious activity.
Forta currently provides security monitoring services for over 40 DeFi projects, including Compound, Lido, and MakerDAO. In 2021, Forta raised $23 million in a funding round led by a16z crypto, with participation from Coinbase Ventures and other investors. The native token FORT currently has a market capitalization of approximately $51 million.
