Fire Raises $3.5M to Protect Your NFTs
Fire, a web3 fraud prevention startup, raised $3.5 million in funding led by Atomic to simplify and secure user transactions with its browser extension.
❗Why It Matters
Because it's 2023 and too many Bored Apes are still getting stolen! No, but for real - Fire's funding highlights the growing need for secure and user-friendly tools that promote safe web3 experiences. By simplifying transactions and helping users avoid scams, Fire can drive adoption and growth in the crypto and NFT ecosystems, while paving the way for a more secure and accessible future in the industry.
The Deets
- Raised $3.5M in funding led by Atomic
- Browser extension allows for real-time transaction checks
- More than 50,000 users
The Details
Scams remain a significant issue in the web3 and Fire's extension acts as a real-time safety blanket, showing users if a transaction is about to occur and which wallet address and assets are involved.
Fire seeks to prevent scams like the one that duped serial entrepreneur Kevin Rose earlier this year when he accidentally transferred NFTs worth over $1 million to a malicious actor. The company currently scans wallets based on Ethereum, Polygon, Optimism, and Arbitrum.
🎬 Take Action
Interested in trying Fire? Download it from the Chrome store.
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