Forta Network

About

Forta is a decentralized blockchain security network that watches Web3 activity in real time. It helps spot threats early and reduces onchain risks for apps. Often described as the “security layer for Web3,” Forta continuously monitors smart contracts, DeFi protocols, bridges, and wallets for anything unusual. It focuses on crypto security, DeFi risk management, and smart contract monitoring, helping detect hacks, exploits, rug pulls, and abnormal transactions before they turn into major losses. Key Features of Forta Network: • Runs on detection bots and scan nodes, creating a decentralized setup with no single point of failure. • Supports AML checks, OFAC screening, transaction risk scoring, and protocol-level security enforcement for better compliance. • The FORT token is used for staking, node incentives, governance voting, and rewarding participants in the network. • Tracks blockchain activity in real time, flags suspicious transactions instantly, and works across Ethereum, Polygon, Arbitrum, and BNB Chain. Forta Network Milestones: Year Key Achievements 2021 Forta started as an incubated project by OpenZeppelin, focused on real-time blockchain threat detection. Raised $23 million in a Series A round led by a16z, with Coinbase Ventures and Blockchain Capital. The Forta app and explorer went live, giving public access to blockchain monitoring. 2022 The FORT token launched and began trading on major exchanges like Coinbase. Expanded support to Polygon, BNB Chain, and Avalanche beyond Ethereum. 2023 Protocols like Lido and MakerDAO integrated Forta alerts 2024 Introduced Forta Firewall, moving from detection to prevention. Firewall became a standard security layer for the Optimism Superchain and rollups. Rolled out tools for OFAC wallet screening and AML checks. 2025 The FP-8 proposal passed, removing minting and capping supply at 1B FORT tokens. Forta Firewall screened over 600 million transactions by November. Partnered with Conduit so rollups can launch with Forta pre-integrated.

Funding

• Seed Rounda16z2,30,00,00030 Sept 2021

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