.shield_xyz has raised $2.1 million in pre-seed funding to build a robust Web3 security standard across the industry. camgthompson reports:
Emmanuel Udotong, CEO and co-founder of Shield, told CoinDesk the company aims to build an industry standard for companies in the Web3 space to securely operate their businesses.
“In the early 2000s, e-commerce scammers were stealing credit card details from people when they were entering credit cards to buy products online,” said Udotong. “That problem was solved with a secure sockets layer , and that's what we're doing in 2023 – we're building a scam-free layer for crypto.”
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