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Shield Raises $2.1 Million in Pre-Seed Financing to Prevent Crypto Fraud

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According to reports, the security company Shield has received $2.1 million in pre seed financing from Kraken Ventures, Eterna Capital, Alchemy, and Moonpay. Shield helps businesse

Shield Raises $2.1 Million in Pre-Seed Financing to Prevent Crypto Fraud

According to reports, the security company Shield has received $2.1 million in pre seed financing from Kraken Ventures, Eterna Capital, Alchemy, and Moonpay. Shield helps businesses take comprehensive security measures to prevent the use of cryptocurrencies and increase user trust throughout the entire ecosystem.

Crypto security company Shield receives $2.1 million in financing

In today’s digital age, businesses are increasingly moving their transactions online, including the use of cryptocurrencies. With the rise of cryptocurrency adoption, the dreaded threat of fraud and hacks continues to loom over the industry. Companies that do not prioritize security measures risk losing user trust and putting their customers’ assets in danger. Shield, a security company dedicated to combating these risks, has recently raised $2.1 million in pre-seed financing from Kraken Ventures, Eterna Capital, Alchemy, and Moonpay.

Understanding Shield: A Comprehensive Security Solution for Crypto

Shield is a security company that primarily focuses on preventing crypto fraud. The company provides businesses with a comprehensive security solution that includes automated smart contracts, machine learning, monitoring, and response capabilities. Shield’s security framework is designed to protect individuals and businesses from hacks, phishing attacks, and other fraudulent activities associated with cryptocurrencies.

Shield’s Pre-Seed Financing round

Kraken Ventures led the pre-seed financing round with participation from Eterna Capital, Alchemy, and Moonpay. The $2.1 million raised will be used to build the Shield platform further and hire more personnel to strengthen the company’s services. Shield’s pre-seed round will allow the company to expand beyond its initial product offering and cater to a broader range of businesses in the cryptocurrency ecosystem.

The Importance of Security in the Crypto Industry

Securing cryptographic assets has become an increasingly challenging task as the threat landscape continues to expand. The dark web, cybercriminals, and hackers pose significant risks to digital assets, and businesses that ignore these threats risk losing customers’ trust and their business. Shield, with its comprehensive range of security services, is well-positioned to help businesses safeguard their assets in the constantly evolving cybersecurity landscape.

Shield’s Unique Selling Proposition

Shield’s unique selling proposition is its fully automated security protocol. The protocol is designed to eliminate any potential vulnerabilities in the system by implementing real-time security checks for all transactions taking place on the platform. Shield’s machine learning algorithms use predictive analysis to detect fraudulent patterns and suspicious activity on the platform. The company utilizes these algorithms to prevent scams, thefts, and other fraudulent activities from taking place.

Conclusion

Shield’s pre-seed financing round of $2.1 million is a testament to the importance of security in the crypto industry. Shield has positioned itself as an important player in the ecosystem, providing businesses with automated smart contracts, machine learning algorithms, monitoring, and response capabilities. The company’s comprehensive security solutions will help businesses protect their digital assets and prevent fraudulent activities from taking place.

FAQs

Q: What makes Shield unique?
A: Shield’s fully automated security protocol sets it apart from other security companies. The protocol is designed to eliminate any potential vulnerabilities in the system, making it almost impossible for fraudulent activities to take place.
Q: What impact will Shield’s pre-seed financing have on the company?
A: Shield’s pre-seed financing round will enable the company to cater to a broader range of businesses in the cryptocurrency ecosystem. The funds will also be used to build and strengthen the company’s platform further.
Q: How important is security in the crypto industry?
A: Security is paramount in the cryptocurrency ecosystem. With the rise of cybercriminals and the dark web, businesses that ignore security risks losing user trust and exposing their customers’ assets to danger. Shield’s comprehensive range of security services will enable businesses to protect their assets and prevent fraudulent activities from taking place.

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