PANews reported on November 19 that Forta, a web3 security company backed by a16z crypto, Coinbase Ventures and other investors, has launched a new product, the firewall, to help detect and prevent smart contract vulnerabilities. Forta said on Tuesday: "Just as Web2 application firewalls screen and block malicious Internet traffic, the Forta firewall takes the same approach to on-chain transactions. The firewall is integrated into the transaction process and blocks malicious transactions before they are included in the block."
Forta Firewall uses a machine learning and artificial intelligence model called FORTRESS, which analyzes and detects high-risk transactions by examining transaction logs. Forta Firewall's business model is to charge a fixed monthly fee, but Beal declined to disclose the specific amount. Initial customers include Euler, Plume and Balmy.
