Shield receives $2.1 million in pre-seed financing for enhanced cryptocurrency security

04/21/2023 22:35 • Metaverse Matters • 121 views

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

As cryptocurrencies continue to gain traction, the need for robust security measures has become increasingly important in ensuring the safety of users and their assets. Shield, a security company dedicated to providing comprehensive security measures to prevent the use of cryptocurrencies, has recently received $2.1 million in pre-seed financing from Kraken Ventures, Eterna Capital, Alchemy, and Moonpay.

What is Shield?

Shield is a security company that specializes in providing security measures to businesses looking to prevent the use of cryptocurrencies. The company offers a range of services that include risk assessments, penetration testing, and security auditing to ensure that businesses are well protected against threats such as hacking and fraud.

The need for enhanced security measures

Cryptocurrencies have traditionally been viewed as a safe haven for investors looking to store their assets away from the prying eyes of governments and centralized institutions. However, recent events have shown that cryptocurrencies are not immune to security threats.
According to reports, a recent hack on a major cryptocurrency exchange resulted in the loss of millions of dollars in assets. This incident serves as a stark reminder of the importance of enhanced security measures to prevent such incidents from happening in the future.

How Shield can help

Shield offers a range of security services that can help businesses and users protect their assets from potential threats. Some of the services offered by Shield include:
1. Risk assessments – Shield conducts comprehensive risk assessments to identify potential security threats and vulnerabilities in a business’s infrastructure.
2. Penetration testing – Shield conducts penetration testing to simulate real-world attacks and identify potential gaps in a business’s security.
3. Security auditing – Shield conducts security auditing to ensure that a business’s security measures are up-to-date and in compliance with industry standards.
By providing these services, Shield helps businesses and users take comprehensive security measures to prevent the use of cryptocurrencies and increase trust in the entire ecosystem.

Conclusion

As the use of cryptocurrencies continues to expand, the need for robust security measures has become increasingly important. Shield’s recent pre-seed financing will help the company provide enhanced security measures to prevent the use of cryptocurrencies and increase trust in the entire ecosystem.

FAQs

1. How does Shield prevent the use of cryptocurrencies?
Shield provides a range of security measures to prevent the use of cryptocurrencies, including risk assessments, penetration testing, and security auditing.
2. Can Shield help protect my assets from cryptocurrency hacks?
Yes, Shield can help protect your assets from potential security threats through a range of security services.
3. Who are the investors behind Shield’s recent pre-seed financing?
Shield recently received $2.1 million in pre-seed financing from Kraken Ventures, Eterna Capital, Alchemy, and Moonpay.

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