Paradigm Leads $11.8M Funding Round Into Web3 Firewall Blowfish

.paradigm led an $11.8 million funding round into blowfishxyz, a firewall provider aiming to help Web3 firms fight off the cyber attacks that can often plague their products and services. By JamieCrawleyCD

Crypto investment firm Paradigm led an $11.8 million funding round into Blowfish, a firewall provider looking to help Web3 firms fight off the cyberattacks that can often plague their products and services.

Blowfish will allow wallet providers and custodians to offer users real-time warnings and human-readable transaction context, according to an announcement shared with CoinDesk. Fraud in crypto and the broader Web3 environment not only hurts the confidence of investors, but also makes it harder to attain support from the mainstream financial world, such as institutions and regulators. As such, firms offering services that can prevent fraud should be able to attract healthy capital from investors.

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