MetaTrust is the world’s first suite of builder-first Web3 security solutions covering the full Software Development Life Cycle (SDLC), founded by the global renowned research team from Nanyang Technological University combining with the state-of-the-art academic excellence and security engineering best practice [e.g., the world 1st solidity formal semantics and first source-code level symbolic execution engine for smart contract] .

ABCDE has led-invested in the seed round and then MetaTrust received a series of institutional investments such as M23，Redpoint China Ventures、Longhash、Hash Global、SNZ、Yunqi Capital、GGV、Fellows Fund、Aimtop Ventures in its Seed and Strategic rounds fundraising.

1.Problems we are facing in Web3 security:

The Web3 security is fast-growing but the transparent and open nature of the blockchain still leads to frequent hacking incidents. From 2021 to the present, the global loss caused by security issues within Web3 exceeds 10 billion US dollars. The security dilemma of Web3 mainly exists in one hidden danger:

Security issues lagging behind — Security is not part of the consideration during the development process, while most of the companies only rely on one time auditing before or after the deployment.

In order to solve this hidden danger, MetaTrust provides a full life cycle security service. It is the world’s first suite of builder-first Web3 security solutions covering the complete Software Development Life Cycle (SDLC) with a high level of product automation.

2. Lagging Security VS Shift-Left Security

The current practice of the Web 3 community is to build first and then rely on one time security auditing service with the hope for the complete protection. However, the security auditing service is often slow, expensive and has no guarantee of the results.

A better approach is to perform the security analysis during the development process, which is to move security to the left side (or early phase) of the SDLC. With the automatic tool support, shift-left security can substantially reduce the cost and improve the quality and security of the software. Therefore, we believe that shift-left security and full-lifecycle security services will be the future for web3 security.

SDLC consists of design, development, testing deployment and operation. All the security issues throughout the process should be taken seriously.

MetaTrust has carefully designed 5 corresponding security services and products for the 5 important development cycles of design, development, test deployment and operation:

Design: Design Verification

Started with security design, we offer deep security analysis service using compositional formal verification technique for critical systems in layer 1 and layer 2 like DEX, Bridge and Wallets.

Development: MetaTrust Package Manager (MPM)

Followed by secure software development, MetaTrust offers the world first secure package manager for secure open source development for web 3 builders, together with best security development practice and libraries.

Testing: MetaScan

The second key product is MetaScan, which an automatic security auditing tool for smart contracts via an SaaS service, which integrates all state-of-the-art research in static analysis, formal methods, fuzzing and code clone analysis to identify all possible risks in users’ contracts. Metatrust also defines the most comprehensive smart contract vulnerability standard and conducts comprehensive experiments to guarantee the results are equivalent or better compared to best auditing services available.

Deployment and operation: MetaScout

MetaScout provides with 24*7 security monitoring services including on-chain monitoring, continuous security monitoring and abnormal online behavior monitoring.

Overall security assessment: MetaScore

The final capability is MetaScore, which provides a comprehensive security and risk score and ranking for a project via the security analysis, security investment, transaction analysis and development analysis. MetaScore helps both end users, developers, hackathon organizers and even investors to understand the potential security risk of any web 3 project.

In conclusion, MetaTrust provides developers with a complete security development SaaS tool, with the security shift-left method in the whole process of SDLC. With the support of MetaTrust’s automated tools, security left shift can greatly reduce costs, completely revolutionize the effectiveness and efficiency of Web 3 security and build a safe and prosperous Web3 ecosystem.

About ABCDE

ABCDE is a VC focused on lead-investing in top Crypto Builders. It is co-founded by entrepreneurs, CEOs of listed companies, and top researchers who have been in the Crypto industry for more than 10 years. The co-founders of ABCDE have built multi-billion dollar companies in the Crypto from the ground up. Because we are builders, we understand builders better. Moreover, we have built an end-to-end ecosystem for our builders, including listed companies(1611.HK), exchanges(Huobi), SAAS companies(ChainUP.com), media(CoinTime.com), and developers platforms(BeWater.xyz). If you are a builder with the dream of changing the world, join us to build the next generation crypto network.

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