Web3 startups get security boost as CertiK joins Cointelegraph Accelerator
Blockchain security expert CertiK becomes a mentor for the Cointelegraph Accelerator program’s participants. Despite the crypto bear market, the Web3 ecosystem continues to grow. True to the notion that “bear markets are good for builders,” developers continue to flock into the Web3 space — the blockchain-based universe governed by smart contracts. Reports from early 2023 show that the number of monthly active Web3 developers grew to over 23,300 in 2022. As the Web3 developer community evolves into an established industry, the security of technologies that hold the ecosystem together are increasing in importance. The backbone of the blockchain-based industry is smart contracts — software that automatically executes an on-chain action when conditions are met. Before deploying a decentralized application (DApp), smart contract audits play a crucial role in preventing security issues and financial risks. Since Web3 and decentralized finance (DeFi) projects run on blockchain technology, v...