Unique: Web3 safety platform NotCommon goes stay 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 belongings.

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

The platform goals at taking the struggle 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 tens of millions of {dollars} from the Web3 business. They discover loopholes and steal private collections placing in query the safety standing of a majority of Web3 platforms. Whereas variety of the victims are newcomers new to good 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 tough for victims of theft to recuperate their stolen digital belongings.

Commenting on the rampant safety points going through the Web3 business, NotCommon Co-Founder and CEO Michael R. Pierce stated:

“2022 was a troublesome 12 months for the repute of Web3 generally, however there’s nonetheless palpable curiosity customers and traders. Nevertheless, there’s a must make the area safer, and that’s the place we intention to be a driving drive for safety. For the advantages of Web3 to be realized, there’s a large academic element wanted to onboard new Web3 customers, if we’re going to encourage additional adoption.”

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

Curated blacklist of web3 fraudsters

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

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

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

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