- The leading US-based crypto exchange has added a new monitoring and security altcoin built by Ethereum (ETH) to its altcoin portfolio.
In a new announcement by the exchange, Coinbase Forta’s (FORT)that the company applies to “assets that are new to the platform or have a relatively low trading volume compared to the broader crypto market.” “Experimental Label” (Experimental asset) would be ready to be traded on the platform with the tag told.
Forta (FORT) is now live on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. https://t.co/mHWRJLMule pic.twitter.com/1jD7GzcviR
— Coinbase Assets (@CoinbaseAssets) June 15, 2022
So what is Forta? According to the project’s website, forta“DeFi [merkezi olmayan finans]NFT [değiştirilemez token]It is a cryptocurrency that brings real-time monitoring to Web 3.0 through a “decentralized monitoring network to detect threats and anomalies in real-time, governance, bridges, and other Web3 systems.”
Local presence of the platform FORTis built on Ethereum and follows the working token model; this means users must stake FORT to run nodes on the network.
Alongside the listing, Andreessen Horowitz, a Silicon Valley-based investment firm, also announced that it is spearheading the final round of funding for Forta, making the following statements about the platform:
“Redesigning cybersecurity solutions for a decentralized world is a necessary step in ensuring that technological development can move unhindered. Currently, developers have to create in-house solutions for their security operations and smart contract audits are performed as a one-time security measure.
With Forta, developers create ready-to-use, generalized security tools for the first time, allowing teams to ship faster with lower risk.
Forta, DeFi, NFT and DAO serving the entire crypto space [merkezi olmayan özerk organizasyon] It has the potential to be a basic public service that also secures ecosystems. Securing blockchains and digital assets is critical to driving mainstream crypto adoption…”
Launched less than a day ago at $0.64, Forta rose 50 percent to as high as $0.96, driven by the listing before it experienced a correction.
Trading with a decrease of about 6 percent, FORT is trading at $ 0.61 at the time of writing.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.