GoPlus’s Latest Report Highlights How Blockchain Communities Are Leveraging Critical API Security Data To Mitigate Web3 Threats | Science & Tech

Singapore, Singapore, March 28th, 2024, Cyberwire.

GoPlus Labs, the leading Web3 security infrastructure provider, has unveiled a groundbreaking report that highlights the growing, widespread use and potential of Web3 user security data to aid in risk management. The findings of the report reveal a clear and growing demand for more advanced security tools that can effectively safeguard digital assets, verify the authenticity of nonfungible tokens (NFTs) and monitor decentralized applications for threats.

The report, “Uncharted Consensus: The Widespread Use and Potential of User Security Data in Web3”, showcases the rapid adoption of GoPlus’s API suite, which provides Web3 industry stakeholders with unparalleled insights into the health and vulnerability of various cryptocurrencies, NFTs and decentralized applications. At the same time, it also underscores the unique role GoPlus plays in addressing Web3’s most pressing security challenges.

GoPlus is the developer of an API suite that’s designed to address the multifaceted challenges of Web3 user security, enabling targeted data analysis across key aspects of the industry. Its modules include a Token RIsk API and NFT Risk API that evaluate the risk associated with different cryptocurrencies and non-fungible tokens; a Malicious address API for monitoring and reporting malicious address; a dApp Security API for real-time monitoring and threat detection in decentralized applications; and an Approval API for checking malicious approval of an address.

The report shows there is rising demand for better Web3 security solutions, with GoPlus revealing that its Token Risk API saw a rapid increase in utilization from November 2023, with some months witnessing peaks of over 20 million calls per day. This suggests…

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