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FuzzLand, a company specializing in Web3 security and analytics, has successfully closed a seed funding round, raising $3 million.
The round was led by 1kx, a prominent investor in the blockchain space, with significant participation from HashKey Capital, SNZ, and Panga Capital. The funding round marks an important milestone for FuzzLand as it accelerates research and development efforts towards automated solutions for smart contract analysis, utilizing dynamic analysis and distributed computing software.
Driving Innovation in Vulnerability Detection
Founded by Jeff Liu, Chaofan Shou, and Koushik Sen, FuzzLand aims to revolutionize vulnerability detection and analytics in the Web3 landscape. The company is committed to delivering cutting-edge capabilities that surpass traditional solutions, offering comprehensive security measures to safeguard against emerging threats.
"The funding will help accelerate research and development into automated solutions for smart contract analysis using dynamic analysis and distributed computing software," stated the FuzzLand team.
According to Coin Desk, the infusion of capital will enable the company to strengthen its technological infrastructure and expand its team of experts to drive innovation in Web3 security.
Notable Investments in the Blockchain Space
In addition to FuzzLand's successful funding round, other notable projects in the blockchain ecosystem have also secured investment funding.
Order-Routing Protocol Flood Raises $5.2M: Flood, a protocol facilitating order routing, management, and settlement, announced a $5.2 million seed funding round.
Led by Bain Capital Crypto and Archetype, with participation from Robot Ventures, the funding will support Flood in providing decentralized application (dApp) developers with tools for efficiently managing their applications' order flow.
Casper Releases 'Peregrine' Patch: The Casper Association unveiled the 'Peregrine' update for the Casper Network, introducing enhancements such as 16-second block times and cost reductions. The update aims to enhance network operations and improve user experience by reducing mint and transfer costs for contracts.
According to Yahoo Finance, APAC-Focused 'TON Bootcamp' Accepts First 12 Projects: TON Bootcamp, in collaboration with Hashkey, has selected its first twelve projects for funding, earmarking up to $500,000 for each team. These projects will leverage blockchain technology within Telegram's Web3 ecosystem to enhance user engagement and expand the platform's functionalities.
These investments underscore the growing interest and confidence in the blockchain industry, highlighting the potential for transformative innovations in various sectors.
Photo: Giorgio Trovato/Unsplash
