Jai Sahu
- GoPlus is developing a permissionless, modular Web3 cybersecurity layer that can integrate with any blockchain network.
- The company also plans to launch a token for gas fees and to incentivize developers to use GoPlus services.
Web3 cybersecurity firm GoPlus has secured $10 million in a private financing round, attracting top crypto investors like OKX Ventures, HashKey Capital, and Animoca Brands.
Announced on social media platform X (formerly Twitter) on Wednesday, the multichain security solutions provider aims to meet the growing demand from ecosystems using new technology in the expanding Web3 space.
GoPlus will develop a permissionless, modular security layer that integrates easily with any blockchain network. The platform aims to help users feel secure while protecting against potential threats in today’s evolving cyber landscape.
The whitepaper states that this security layer will provide integrated protection throughout the user transaction lifecycle using a decentralized User Security Network and advanced AI-powered security solutions for in-depth risk analyses and effective security services.
To support and expand this security layer, GoPlus plans to introduce a token. This token will be mainly for gas fees, encouraging developers to engage with GoPlus services in a collaborative and secure environment. GoPlus expressed its excitement and gratitude on X:
“We are overjoyed to share that GoPlus Security has successfully raised $10M in a private round to build a modular user security layer for Web3! A huge thank you to our incredible backers! Together, we will build a safe Web3 for all users. Onwards and upwards we buidl.”
Exponential Growth and User Engagement
In the past few years, GoPlus has experienced exponential growth. Since 2022, user security information usage has increased by more than 5,000 times, and API calls have reached 21 million per day.
The firm’s whitepaper claims that these growth figures demonstrate high levels of trust and engagement from users, further reinforced by the successful launch of SecWareX, GoPlus Network’s innovative Web3 user security product, in March 2024.
26x14eth, the co-founder of 7UpDAO, a firm involved in the GoPlus funding round, highlighted the project’s potential in an X post:
“Go Plus holds a crucial spot in the security space, proving its industry value with a reasonable valuation and not High FDV. The founding team comes from traditional internet backgrounds and delivers solid products and tech. They’re patient, persistent, and have big ambitions.”
GoPlus supports over 20 blockchain networks and has collaborated on several RPCs, Rollups, and RaaS projects. It developed innovative solutions, the SecScan security engine, and the SecWare protocol, built on an open security data and computing layer.
Notably, in late May, SushiSwap (SUSHI) integrated GoPlus’ “Token Security API to safeguard users’ assets and boost trust in the community,” providing early detection of threats.