ABCDE: Why are we leading the investment in MetaTrust?

Author: ABCDE

MetaTrust has built the world's first comprehensive Web3 security solution, covering the entire Software Development Life Cycle (SDLC). Founded by a globally renowned research team from Nanyang Technological University, it combines cutting-edge academic achievements and best practices in security engineering (such as the world's first formal semantics for smart contracts in Solidity and the first source code engine-based symbolic execution technology).

ABCDE led the seed round investment in MetaTrust, which subsequently secured investments from a series of institutions including M23, Redpoint China Ventures, Longhash, Hash Global, SNZ, Yunqi Capital, GGV, Fellows Fund, and Aimtop Ventures in both the seed and strategic rounds.

1. Current Security Dilemmas Facing Web3

Web3 security technology is rapidly evolving, but the transparency and openness of blockchain code still lead to frequent hacking incidents. Since 2021, losses due to security issues in Web3 have exceeded $10 billion. The main security dilemma lies in one core risk:

Security issues lag behind------ Projects often do not consider security during the development process, and most companies rely solely on one-time security audits before or after deployment.

To address this risk, MetaTrust offers security services for the entire software development life cycle, aiming to provide a fully automated DevSecOps solution that covers the complete SDLC.

2. Security Lagging vs. Security Shift Left

Current security practices in Web3 involve building first and then implementing a one-time security audit as protection.

But what if the audit of security issues could be continuously conducted in real-time during the development process?

The situation would be much better, and security issues would be identified much earlier, at least avoiding the need to start over after development is complete. This is the concept of security shift left. We believe that security shift left and comprehensive lifecycle security services will be the future of Web3 security.

So how can we achieve security shift left?

The Software Development Life Cycle (SDLC) includes five stages: design, development, testing, deployment, and operation. The security of these five stages should be specifically emphasized.

To this end, MetaTrust has carefully designed five corresponding security services and products for the five important development processes of design, development, testing, deployment, and operation:

2.1. Design Phase: Design Verification

We can use formal verification techniques to conduct in-depth security analysis of key systems in the protocol layer (Layer 1 and Layer 2), such as DEX, bridges, and wallets.

2.2. Development Phase: MetaTrust Package Manager (MPM)

Following secure software development, MetaTrust provides the world's first security package manager (MPM) for secure development, along with best security development practices and libraries for Web3 developers.

2.3. Testing Phase: MetaScan

The second key product is MetaScan, which provides automated security auditing tools for smart contracts through SaaS services. It integrates the latest research results in static analysis, formal methods, fuzz testing, and code clone analysis to identify all possible risks in user contracts. MetaTrust has also defined the most comprehensive smart contract vulnerability standards and conducted extensive experiments to ensure its results match existing best auditing services.

2.4. Deployment and Operation Phase: MetaScout

MetaScout offers 24/7 security monitoring services, including on-chain monitoring, continuous security monitoring, and abnormal online behavior monitoring.

2.5. Overall Security Assessment: MetaScore

MetaScore provides comprehensive security assessments and ratings for projects through security analysis, investment analysis, transaction analysis, and development analysis. MetaScore helps end users, developers, hackathon organizers, and even investors understand the potential security risks of any project.

In summary, MetaTrust provides developers with a complete set of secure development SaaS tools, adopting a security shift left approach throughout the SDLC to enhance security. With the support of automated tools, security shift left can significantly reduce costs and comprehensively improve the quality and security of Web3, building a safe and prosperous Web3 ecosystem, fundamentally revolutionizing the effectiveness and efficiency of Web3 security.

About ABCDE

ABCDE is a VC focused on leading investments in top Crypto Builders, co-founded by entrepreneurs, public company CEOs, and top researchers with over 10 years of experience in the Crypto industry. The co-founders of ABCDE have built billion-dollar companies in the Crypto space from the ground up. As entrepreneurs ourselves, we understand entrepreneurs better. We have already built an end-to-end ecosystem for ABCDE's Builders, including public companies (1611.HK), exchanges (Huobi), SaaS companies (ChainUP), media (CoinTime.com), and developer platforms (BeWater.xyz). If you are a Builder with dreams of changing the world, join us in building the next generation of the crypto network.

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Website: www.ABCDE.com