Web3 Builders, together with OpenSea, announces $7 million in seed funding and the launch of TrustCheck, a free scam prevention tool for anyone transacting with crypto, smart contracts and NFTs.
Web3 Builders Inc. announced $7 million in seed funding from Road Capital, OpenSea Ventures and a group of VCs and cryptocurrency industry angels.
At the same time, the company launched TrustCheck, a free Web3 end-user security tool available to protect them from scams.
TrustCheck is a Chrome browser extension. The tool instantly and automatically analyzes the risk of a wide range of cryptographic transactions, including NFT transfers, smart contract interactions, authorization approvals, minting, purchases and token exchanges.
By simulating transactions before they happen, running checks on the company’s machine learning engine and analyzing data from more than a dozen sources, TrustCheck gives users personalized security recommendations in real time before finalizing a transaction.
In detail: comments from Pellegrini, Bailey and Fauvre on crypto scams
Ricky Pellegrini, CEO of Web3 Builders Inc. said:
“The release of TrustCheck as a free Chrome browser extension is part of Web3 Builders’ broader mission to make Web3 safe for all.
With a leading team of data scientists, machine learning specialists, and engineers, our company aims to fight industry fraud, scams and abuse with scalable, highly available tools. Beyond the datasets and real-time operations, which we…
