User security challenges remain a significant barrier to Web3 mass adoption.
Key Takeaways
- Growing Security Threats: Web3 witnessed 506 security incidents in 2023, totaling $11B in losses (ZeroTime Tech). Phishing and scams dominate user-level risks.
- Industry Adoption: GoPlus processes 21M daily API calls, partners with 20+ L1/L2 chains, and counts Binance Labs among its investors. Its SecWareX product surpassed 1M linked addresses within 3 months of launch.
Modular Design: GoPlus operates as a modular user security layer through:
- Hierarchical network architecture
- User Security Modules (USM) for seamless Web3 integration
Three-Layer Architecture:
- Fundamental Layer: Security data/compute infrastructure
- SecWare Ecosystem: Developer marketplace for security solutions
- USM Layer: Embedded protection for wallets/dApps
- Founder Expertise: CEO Mike Lee (ex-360 Security) drives SecWare ecosystem growth, generating $1.6M+ revenue from premium subscriptions.
- Competitive Landscape: Faces rivalry from CertiK and others while developing key ecosystem features like SecWare Market.
The Critical Need for Web3 Security
User security has become the Achilles' heel of Web3 adoption. ZeroTime Tech's 2023 Global Web3 Security Report reveals staggering figures:
- 506 security incidents (+65% YoY)
- $11B total losses
- Top attack vectors: Hacking (51%), phishing (18%), rug pulls (12%)
👉 Why Web3 security matters now more than ever
Figure: Rising scam token transactions on Arbitrum (Source: Dune Analytics)
For new users especially, the lack of security knowledge creates vulnerability:
- Malicious wallet drainers increased 240% since 2022
- 4M+ users interacted with suspected scam tokens on Arbitrum in May 2024 alone
The GoPlus Advantage
Modular Security Architecture
GoPlus' three-tiered framework delivers comprehensive protection:
1. Fundamental Layer
| Component | Functionality |
|---|---|
| Security Data Layer | Decentralized threat intelligence (7 data categories) |
| Security Compute Layer | AI-powered risk analysis engines (SecScan, anti-phishing) |
2. SecWare Ecosystem
- Developer marketplace for security tools
- Staking-based participation model
- Revenue sharing through protocol fees
3. USM Integration Layer
- SDK for wallets/dApps/RPCs
- Real-time transaction screening
- Cross-chain compatibility
Example: SecWareX's multi-chain wallet scanner analyzes 57K+ subscribed addresses
Business Model Innovation
GoPlus pioneers a 2B2C dual-revenue ecosystem:
| Revenue Stream | Description | Current Performance |
|---|---|---|
| Subscription Fees | SecWareX premium services | $1.6M+ generated |
| Gas Fees | USM-integrated chain transactions | Scaling with partnerships |
| Enterprise API | Advanced security solutions for businesses | Future growth area |
Compared to competitors like Pocket Universe (free model) or defunct projects like Fire, GoPlus demonstrates superior monetization capabilities.
The Road Ahead
2024-2025 Roadmap Highlights:
- Q2: SecNet RPC launch (Ethereum/BNB Chain)
- Q3: SecWareX protocol opening
- Q4: USM full deployment + AVS integration
- 2025 Q1: Security compute layer activation
👉 How modular security transforms Web3 adoption
Challenges & Opportunities
Key Risks:
- Ecosystem development delays
- CertiK's competing Skynet Community product
- Maintaining technical edge in fast-evolving space
Strategic Advantages:
- First-mover in modular security
- Proven revenue generation
- Founder's 360 Security pedigree
Conclusion
GoPlus redefines Web3 security through:
- Modular protection adaptable to any chain
- SecWare ecosystem incentivizing developer participation
- Dual-revenue model ensuring sustainable growth
As Mike Lee notes: "We're not just building tools - we're architecting the safety infrastructure for Web3's next billion users."
FAQ
Q: How does GoPlus differ from traditional security audits?
A: While audits focus on pre-deployment checks, GoPlus provides real-time, user-centric protection throughout transaction lifecycles.
Q: Can developers build on GoPlus?
A: Yes! The upcoming SecWare Marketplace will allow developers to create and monetize security tools.
Q: What chains does SecWareX support?
A: Currently 20+ networks including Ethereum, BSC, Arbitrum, with more coming in 2024.
Q: How does the USM module work?
A: It integrates as an SDK to scan transactions before execution, blocking malicious interactions.
Q: Is there a free version of SecWareX?
A: Basic scanning is free, while advanced protection requires subscription (from $9.99/month).
Q: What makes GoPlus' data layer unique?
A: Crowdsourced threat intelligence with decentralized validation ensures fresh, reliable data.