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In May 2023, CertiK officially announced the integration of its security ratings into the most widely used Web 3.0 Crypto ranking and information service platform CoinMarketCap.

The security rating of CertiK adopts a series of comprehensive security indicators to rank projects and derive security scores, allowing users to easily and clearly assess the security of the project. The security rating obtained through the evaluation of factors such as Smart Contract code, code audit status, and development team background will be a powerful tool for investors to conduct project research.

Since its launch in 2013, CoinMarketCap has become the leading platform for tracking Web 3.0 cryptocurrency prices, market capitalization, volume, and other statistical data. CoinMarketCap is the first stop for many people entering the world of Web 3.0 cryptocurrencies, and its continually evolving portfolio of educational and technical resources has become an essential tool for many industry users and investors.

Currently, CertiK has audited more than 70% of the Web3 projects ranked in the top 500 by CoinMarketCap.

“In 2022, more than $3.7 billion worth of value disappeared from the Web3.0.0 platform. Therefore, security remains a survival threat to the industry.” Professor Ronghui Gu, co-founder of CertiK, pointed out, “Through this integration of security ratings, CertiK and CoinMarketCap are working together to bring higher transparency and trust to Web3 projects. Projects that take security issues seriously can use their security scores as strong evidence of reliability.”

Integrating CertiK security ratings into CoinMarketCap can help users easily identify projects and communities that are particularly important for the future of their projects and communities that are well-versed in the word ‘security’, making the due diligence process more comprehensive.

So far, users and investors finally have a powerful tool to help them assess the security of Web 3.0 projects.

CertiK’s mission is to enhance the security and transparency of Web 3.0. This collaboration with CoinMarketCap is a significant milestone for the entire industry towards a safer and more open ecosystem.

CoinMarketCap

CoinMarketCap is the most valuable encryption asset price tracking website in the rapidly developing Cryptocurrency field. Its mission is to improve the efficiency of the encryption industry and promote its global influence by providing fair, accurate, and high-quality information to guide user decisions.

Final Thoughts

Headquartered in New York City, CertiK was founded by two professors from Yale University and Columbia University. Known as a pioneer in the field of blockchain security, CertiK is utilizing state-of-the-art Formal Verification technology, AI auditing techniques, and manual security audits to ensure the security of projects by scanning and monitoring blockchain protocols and smart contracts. CertiK is on a mission to safeguard the world of encryption, extending cutting-edge academic innovations to the industry from the blockchain field, enabling the construction of mission-critical software and applications in a sufficiently secure and correct environment. Currently, CertiK has audited over 4000 Web 3.0 projects and protected 100s of billions of dollars in assets from loss.