We are excited to announce our strategic partnership with ParaSpace, the first on-chain cross margin NFT Fi protocol. As their leading auditor for the original protocol and an audit partner for all feature updates since mainnet deployment, we are thrilled to partner with ParaSpace to build out new industry security standards for NFT Financialization.

Our teams will be joining forces to make security a top priority for all protocols building in the ever evolving ecosystem of Web3. This partnership establishes Secure3 as a long-term auditing partner providing ParaSpace with the highest quality and most efficient contract auditing services. In addition, Secure3 will be joining ParaSpace’s Security Council to ensure best security practices are implemented from the protocol level to every touch point with users.

The CEO of Secure3, Alan Xia points out the importance of transparency and niched professionalism in the smart contract auditing industry.

“It is the time to establish a community-based security consensus, by empowering community members to participate in the code review process. Our model and technologies incentivize the best of the community to help projects find the most severe yet subtle bugs in the most efficient way.”

“Making sure user assets and funds are protected is a top priority for ParaSpace. We’re taking a proactive approach and making sure we tackle protocol security from all aspects. Secure3’s expert community-based security approach enables us to make sure we are actively reviewing and testing from as many different possible security angles as possible,” says Yubo Ruan, the CEO and Founder of ParaSpace.

With ParaSpace aiming to be the top scalable NFT Fi protocol in the space that onboards the masses, the partnership with Secure3 will further enable them to make sure they are protecting their community, user assets, and protocol. Secure3 will continuously support their feature updates, protect testing, and functional upgrades.

In addition, Secure3 will also be hosting a bug bounty for the ParaSpace protocol as a part of our strategic partnership to show our commitment to ParaSpace.

About ParaSpace

ParaSpace is the first cross-margin NFT Fi protocol that enables users to access instant liquidity from their digital assets. Launched in December 2022, ParaSpace is the fastest-growing NFT Fi protocol achieving a TVL of $130 M+ within 3 months of launch. Backed by Sequoia Capital, Coinbase Ventures, Founders Fund, and others. ParaSpace is looking to onboard the next 1 billion users to Web3 by unlocking universal liquidity and creating a scalable financialization infrastructure.

Website | App | Twitter

About Secure3

Secure3 is a StartX incubated intelligent audit contest platform headquartered in Silicon Valley. We aim to provide more affordable, effective, and secure audits for all web3 projects. We closed our 5M seed funding from Mirana, GGV, Alumni Ventures, etc. in 2022.

Secure3’s audit contest organizes decentralized certified auditors in the form of an audit competition. We usually have 3–10x more auditors (compared to centralized auditing firms) who compete anonymously with each other to find business logic bugs and security issues. In half a year, we have completed close to 100 audit contests, including audits for famous projects such as zkSync, Parallel Finance, etc.

Our contest model incentivizes individual auditors to find more critical issues no others can discover. Our model solves high-price, non-transparent, inefficient, and low-quality issues of most centralized auditing firms.

Learn more about our contest model and our competitive advantages:

1. Secure3’s past audits that passed NDA, which include zkSync, ParaSpace, ApeX, and more: https://www.secure3.io/reports
2. Audit quality benchmark on ParaSpace (invested by Sequoia, Coinbase, etc.) audits. Compare audits between Secure3, Trail of Bits, CertiK, Veridise and more: https://docs.para.space/para-space/external-audits
3. Intro to our new contest model for security audit: https://www.secure3.io/service-intro

How Secure3 Audit Contest Works: