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The rapid growth of the Web3 industry has led to a staggering $2.5 trillion in on-chain assets, but this expansion has also exposed significant security vulnerabilities. In the first half of 2024 alone, there were 223 security incidents resulting in losses of $1.43 billion, highlighting the urgent need for enhanced security measures. Traditional security firms often overlook smaller projects, leaving them vulnerable to attacks.
To combat these challenges, Add Labs has launched the InfluxAI project, which utilizes AI to improve blockchain security. This innovative approach employs machine learning and big data analytics to proactively identify vulnerabilities in smart contracts, offering a suite of tools for users and developers. The introduction of InfluxAI represents a significant advancement in securing the blockchain ecosystem, catering to the needs of over 200 million users.
• InfluxAI uses AI to enhance blockchain security for users and developers.
• 223 security incidents in 2024 resulted in $1.43 billion in losses.
InfluxAI leverages machine learning to analyze historically attacked code for identifying vulnerabilities.
InfluxAI employs big data analytics for real-time monitoring of potential security threats.
InfluxAI utilizes oracles to enhance the accuracy of its security measures.
Polygon Labs collaborates with Add Labs to enhance blockchain security through innovative AI applications.
Add Labs is the creator of InfluxAI, aiming to address security challenges in the blockchain ecosystem.
Harmon Venture has recognized the potential of InfluxAI and supports its mission to improve blockchain security.
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