Unique: Web3 safety platform NotCommon goes dwell backed by $1.5M funding

• NotCommon is a one-stop store for each artists and collectors to commerce and exhibit work.
• The platform additionally goals at defending customers and fight the uptick in cybercrime.
• In 2022 alone, hackers stole $175M in digital property.

Coinjournal can completely report that Web3 safety platform NotCommon is now dwell after a $1.5 million funding. The platform gives a one-stop store for each collectors and artists to commerce and exhibit work.

The platform goals at taking the combat towards blockchain fraud by defending customers from the rampant cybercrimes inside the Web3 area.

Serving to customers hold their collections secure

Hackers and scammers have minted hundreds of thousands of {dollars} from the Web3 trade. They discover loopholes and steal private collections placing in query the safety standing of a majority of Web3 platforms. Whereas a very good variety of the victims are newcomers new to sensible contracts, seasoned NFT collectors have additionally fallen sufferer to phishing assaults.

Web3 suffers from an absence of the identical security nets witnessed by centralized companies making it troublesome for victims of theft to get better their stolen digital property.

Commenting on the rampant safety points dealing with the Web3 trade, NotCommon Co-Founder and CEO Michael R. Pierce mentioned:

“2022 was a troublesome 12 months for the popularity of Web3 on the whole, however there may be nonetheless palpable curiosity customers and traders. Nevertheless, there’s a have to make the area safer, and that’s the place we purpose to be a driving drive for safety. For the advantages of Web3 to be realized, there’s a enormous instructional part wanted to onboard new Web3 customers, if we’re going to encourage additional adoption.”

To handle this drawback and assist NFT collectors and artists hold their collections secure, the NotCommon platform “prioritizes schooling and safety, giving NFT collectors the instruments they should shield and handle their identification in Web3.”

Curated blacklist of web3 fraudsters

NotCommon goals to eradicate safety points inside the Web3 area and usher in a brand new period of digital creativity by concentrating on safety, security and identification safety. To that finish, NotCommon has launched a “curated moderated blacklist of fraudsters, permitting customers to crosscheck individuals and entities towards a database of recognized dangerous actors.”

The curated moderated blacklist of fraudsters features a database of the varied forms of scams which have occurred inside Web3 additional including to its deep useful resource for schooling about present scams and a live-updated compendium of recognized social engineering methods.

NotCommon customers will obtain custom-made safety alerts based mostly on the collections they’re holding of their crypto wallets. NotCommon’s Chrome extension additionally permits customers to flag phishing accounts and hold a repeatedly up to date log of scammers and pretend accounts.