The first real-time security platform for blockchains and rollups, focusing on a multi-chain/rollup present where bridges are critical, not an afterthought.
The crypto industry has seen explosive growth in the last two years. Stablecoins, DeFi protocols, new blockchains, bridges, rollups and more. Unfortunately, this increase in new applications and market size has also translated into huge amounts of money lost to hacks, scams, and bugs. More than $2B only in bridge exploits this year.
The harsh reality is that our industry is not ready for mainstream adoption. In the summer of 2022, the Ronin Bridge was exploited for over half a billion dollars, and their team didn’t realize it until six days after the fact. We’re building the Future of Finance, but our “banks” don’t have security cameras, vaults, or sometimes even a lock.
We need to step up.
Blockchain technology innovation has advanced much faster than our capabilities to secure it properly. New crypto applications are not “just smart contracts” anymore. The best teams are building cross-chain applications using trust-minimized bridges like IBC, building app-specific chains using frameworks like the Cosmos SDK, and building cutting-edge rollups in Celestia. The most successful crypto application has announced that it is migrating to its own blockchain. The industry is focused on solving problems like scalability and decentralized sovereignty, but we’ve forgotten security. If we don’t get security right, nothing else matters.
That’s why we’re building Range, the first real-time security platform for blockchains and rollups, focusing on a multi-chain/rollup present where bridges are critical, not an afterthought.
Security is the key remaining constraint for blockchain technology to cross the chasm. Currently, the crypto security industry is not up to speed with the rate of innovation. Range is the answer, the first security solution for teams building sovereign blockchains and rollups, for businesses using stablecoins across cross-chain bridges, and for the next generation of developers currently building the next crypto killer use case.
We know our mission will be incredibly challenging. Thus, we’ve assembled an incredibly talented team of engineers and senior security auditors. Our members have built DeFi projects, audited protocols with TVLs on the tens of billions of dollars, and have found and disclosed critical vulnerabilities in multiple key blockchain projects.
Stay tuned for more, and join us in securing the interchain dark forest.