In an effort to strengthen Web3 cybersecurity, the first South Korean non-fungible (NFT) project, Doge Sound Club, and Uppsala Security, a firm that focuses on blockchain technology and virtual assets regulating technology (Reg-tech) have collaborated. On January 10, they announced their alliance. With this agreement, the two firms hope to expand the use of the ChainKeeper services. This collaboration highlights the importance of protecting digital resources in the Web3 network.
Uppsala Security Launches ChainKeeper, a Platform Using 75 Million Threat Indicators to Ensure Web3 Security
ChainKeeper, a service powered by Uppsala Security, uses over 75 m threat indicators to determine the veracity and severity of threat information in the Web3 ecosystem with a single search. The first release of the platform occurred in late December 2022.
When asked about the motivations for the alliance, a representative from Doge Sound Club said that in a situation as Web3 is likely to develop by absorbing current sectors beyond blockchain future in the future. It is the obligation to protect it in advance. Wallets are used to hold assets, but users still need to be educated on the best practices for storing digital assets. Malicious incidents keep happening, so they need to rethink how they educate the public.
Doge Sound Club has continued to work with local businesses including LG Household and Health Care after launching the first South Korean PFP initiative, the Mates series. With cutting-edge solutions for cryptocurrency AML/CTF, transactions risk management, compliance with regulations, transaction surveillance, and cybersecurity. Uppsala Security has won several industry awards for its products and services. Involved in the inquiry of the current Terra/LUNA crisis, it has strengthened collaboration with local and international investigating authorities.
Doge Sound Club and Uppsala Security Join Forces to Combat Increasing NFT Hacking with New ChainKeeper Platform
Recently, hacking events have happened at a more regular rate in the NFT business. Several users are grumbling about the painful repercussions,” said Kwon Tae-hong, CEO of Doge Sound Club. He is hopeful that by working together. They can help more individuals learn about the various security options available to them.
Patrick Kim, CEO and founder of Uppsala Security, thinks that hackers are paying more attention to Web3 virtual assets that don’t have good security because of recent NFT hacks. The greatest precaution, he suggested, is to be aware of such dangers in advance. By adopting the new ChainKeeper platform, they will allow a wide range of users to run and control digital products in a secure Web3 setting.