Blockchain Security - Forta (FORT)

As the crypto market matures, one bull cycle at a time, the creation of successful projects breads the need for additional services. Forta (FORT) fits right in that category. It is a decentralized platform for security bots. Sounds boring, but blockchain security is crucial for blockchain projects and large investors. The project is a platform for developers to create and sell bots that monitor blockchains for a wide variety of security breaches. From unscrupulous transactions to downright hacks, these bots notify customers of events they need to be aware of.

What is the project?

• Decentralized blockchain security and monitoring, aided by AI and Machine Learning

What is the product?

• Decentralized security notification bots created by independent developers

Execution of Product(s)

• Hundreds of active bots available and for sale, most on a monthly rental model

Market(s) & sub markets

• Enterprise (wallets, blockchain companies, investment firms, any company worried about blockchain security)

Tokenomics

• 39% held for future grants & research

• 610,000 effective supply

• 4 yr vesting schedule, backers 50% vested

Team & Community

• Team had solid history of execution

• No marketing, required to hire outside marketing firm - proposals on the table

Revenue potential

• Bots require a subscription, 100% of proceeds goes directly to the developer of the bot

• Price points from free to hundreds of dollars

• Used by OpenZepplin who's revenue of $5.6 million

• Products not as broad as Chainlink

Financial partners

• Backed by Coinbase Ventures

Risks & Downsides

• Large investor and team token holding

• Do investors get excited about a B2B play? - Chainlink's cult following & broader services are different

Scores & Market Cap Estimates

Comparable crypto project(s):

*This information is not intended to be financial advice for the reader.

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