Flare Network has partnered with Hypernative, a leading Web3 security firm. This partnership aims to enhance the safety and protection of its users, decentralized applications (dApps), and institutions by leveraging Hypernative’s advanced technology to predict and prevent cyber threats proactively.
Proactive Protection Against Cyberthreats
Hypernative specializes in using proprietary machine learning models to scrutinize both on-chain and off-chain data, enabling it to predict various types of threats—including cyber, economic, and governance—before they occur. This predictive capability is integrated with automated playbooks, facilitating real-time risk prevention and mitigation. By doing so, Hypernative provides an essential service that supports the safety of digital assets and the overall integrity of protocols and dApps.
A Comprehensive Security Approach
Flare Network, which is an EVM-based Layer 1 blockchain, has joined forces with Hypernative to create a comprehensive security mechanism that protects against zero-day cyber threats. Hypernative’s system continuously monitors a wide range of activities such as on-chain transactions, governance actions, financial operations, and security events. This approach allows for the early detection of potential risks and attacks, enabling swift response measures to prevent significant damage.
Additionally, Hypernative has a remarkable track record of identifying over 764,000 risks across 1,443 protocols. It has detected more than 270 potential exploits, which could have caused around $14 billion in damages. Hypernative’s effectiveness is proven by its ability to serve numerous major Web3 ecosystems, currently managing assets totaling $37 billion in value.
Enhanced Visibility and Support for Flare Users
The partnership between Flare Network and Hypernative guarantees that the former’s users will have access to the latter’s platform and the necessary support to set up their alert configurations. This ensures that users are not only protected but also informed about potential threats and the measures being taken to address them. In case of any detected threats, users will receive timely alerts and instructions on mitigating the risks. Hypernative will provide continuous support throughout the process.