Ironblocks joins forces with Hats Finance for enhanced Web3 security

We’re thrilled to announce a strategic partnership with Hats Finance, an innovative bug bounty platform focused on Web3 protocols.

This collaboration allows us to provide more comprehensive and well-rounded security solutions that will help projects protect their users, data, and assets.

Hats Finance is the perfect partner for Ironblocks as we expand our reach in the industry. Their WhiteHat incentive mechanism complements our security services, and we’re looking forward to working together. Here are a few key aspects of our partnership:

• Protocols on the Hats platform can gain up to three months of complimentary access to Ironblocks’ threat detection system
• To qualify, these protocols must offer bug bounties of $30,000 or more

In 2021, the blockchain bug bounty market was valued at around $140 million, and has been growing steadily over the past few years. Last year, we saw the largest payout in web3 history when Wormhole paid $10 million to a hacker who identified a high-severity vulnerability in their codebase.

This demonstrates the effectiveness of incentivizing hackers to work for the good of the industry, fostering a more secure and trustworthy ecosystem.

Hats Finance is transforming web3 security by developing comprehensive infrastructure solutions that any project can use. They streamline the bug bounty process by making it free, seamless, decentralized, and easily integrated through a few simple transactions. Hats’ on-chain bug bounties encourage the Web3 security community to actively hunt for vulnerabilities and responsibly disclose them.

Hats Finance is committed to achieving a safer Web3 ecosystem, understanding the vital role security plays in the success of all applications and projects. Our partnership is a significant milestone in realizing our shared vision of equipping protocols with the most advanced security tools available.

Stay tuned for more partnerships as we continue to grow and expand throughout the year.

To learn more about Hats Finance, check out hats.finance.