Firewall, a pioneering blockchain infrastructure company, has announced a significant pre-seed funding round of $3.7 million. This investment, led by prominent venture capitalists North Island Ventures, Breyer Capital, and Hack VC, provides Firewall with the resources to bring their revolutionary ‘programmable finality’ concept to the forefront of the smart contract ecosystem.
Redefining Security in the Blockchain Era
The introduction of programmable finality by Firewall is anticipated to effectively address the risks associated with smart contract exploits. By implementing a real-time algorithm that filters out exploits before they are included in blocks, alongside automated recovery mechanisms, Firewall offers a robust security paradigm for blockchain networks.
Experienced Team Behind the Innovation
Firewall’s founding team, with a history of successful ventures and experience in developing infrastructures for billions in assets, signals a strong foundation for the company. Their previous venture, Staked, was acquired by Kraken in a landmark deal, further emphasizing their expertise in the field.
Driving Adoption Among Traditional Financial Institutions
One of the key barriers to the widespread adoption of digital assets by traditional financial systems has been the lack of robust security measures. Firewall’s innovative approach promises a secure environment, which could pave the way for institutional capital to confidently enter the blockchain space.
The fundraising round saw participation from several distinguished angels and venture capitalists, highlighting the industry’s recognition of the critical need for improved security within the blockchain landscape.
Setting the Stage for Global Financial Revolution
As the global adoption of cryptocurrencies continues to surge, the spotlight on regulatory frameworks grows stronger. Firewall’s programmable finality addresses the urgent need for bulletproof security, unlocking the potential for trillions of dollars on the sidelines to engage with smart contract technology.
With this strategic injection of capital and the unique value proposition of programmable finality, Firewall is well-positioned to catalyze a new era in the blockchain industry, making it a key player in shaping the future of global finance.
Contact Devan Purhar, Co-Founder of Firewall, for more information on how their technology is set to transform the blockchain security landscape.