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Web3 Security Beginner's Guide to Avoiding Pitfalls | Risks of Fake Wallets and Private Seed Phrase Leakage

This Gate Learn article describes how to protect yourself from seed phrase scams when you invest in crypto or store your assets.

This Gate Learn article describes how to protect yourself from seed phrase scams with the five main factors to be on the lookout for when crypto investing and storing your assets.

Social recovery wallet is a unique digital wallet that allows account recovery even if the seed phrase is lost.

In this post, we'll cover what a wallet is, how wallets are made, and how they use elliptic curve cryptography to generate and secure private-public key pairs, derive seed phrases, and facilitate secure blockchain interactions.

Seedify.fund is a decentralized autonomous organization (DAO) that helps provide seed funds, an incubator, and a launchpad for new web3 projects.

Angle Protocol is a decentralized stablecoin protocol that secured a $5 million seed funding round led by a16z, aimed at resolving issues related to Euro savings.

As a major force in socialFi and GameFi, MEEET is not only limited to the development of community interaction but also successfully obtained $30 million in seed round financing after integrating the concept of AIGC. In addition, the successful launch of Arbitrum on this platform has achieved the dual-chain operation of BSC & ARB.

Usual has currently secured $7 million in seed funding, led by IOSG Ventures and Kraken Ventures. The core product of its protocol is the stablecoin USD0. Unlike traditional stablecoins, USD0 is backed 1:1 by assets with very short maturities, such as RWA assets and government bonds. This backing provides higher security and stability, and reduces the likelihood of discount liquidation in the case of asset runs.

The article details Hack VC, a venture capital firm focused on the cryptocurrency space founded by Alexander Pack, a former key figure at Bain Capital and Dragonfly Capital. Since its establishment in 2020, Hack VC has actively led investments in multiple crypto projects, such as Babylon, imgnAI, AltLayer, Intia, io.net, Eclipse, Elixir, etc., and rapidly expanded its influence in the crypto market in a short period. Hack VC's investment strategy includes investing in projects in infrastructure, DeFi, games, security, enterprise services and other fields. Its investment portfolio covers different stages from early seed rounds to mature projects. In addition, Hack VC also actively participates in activities such as the Blockchain Developer Conference to promote the development of crypto technology and applications.

LayerPixel has reached a significant milestone, announcing the completion of a $2 million seed round led by Kenetic Capital. They also launched the Game of Dawn event, aiming to seamlessly introduce Web2 users to the Web3 world. As an all-in-one DeFi solution, LayerPixel's unique layered architecture and integrated wallet and PixelSwap streamline the development of DeFi projects on TON, making the process much more enjoyable.

Initia is an innovative blockchain project that combines the functions of L1 and L2 to provide full-chain interoperability through a modular Rollup network. It aims to simplify the user experience in multi-chain environments and optimize developers' ability to build applications. Initia received $7.5 million in seed funding from companies including Delphi Ventures and Hack VC, with Binance Lab also participating in the investment. Through its L1 orchestration layer and multiple independent Rollup L2 layers, the project achieves cross-chain interoperation and seamless exchange of data assets. It also provides plug-and-play facilities to lower the developer threshold and accelerate application deployment.

Renzo is a restaking DeFi platform based on EigenLayer, aimed at simplifying the Ethereum restaking process and providing higher yields. After users deposit ETH, Renzo mints an equivalent amount of ezETH, a liquidity restaking token, allowing users to earn staking rewards while maintaining liquidity. Renzo enhances the functionality and security of the Ethereum network through Active Validation Services (AVS) and introduces cross-chain restaking to improve capital efficiency. Additionally, Renzo issues a governance token, REZ, for protocol decision-making and incentives. The Renzo protocol has raised a $3.2 million seed fund and has received investments from entities including Binance Labs.

AI Arena is a PVP fighting game that incorporates artificial intelligence, allowing players to evolve game characters through AI learning. The game has two modes: Research Competition and Gaming Competition. In the Research Competition, researchers train AI models to battle, while in the Gaming Competition, players develop training strategies to enhance the performance of their NFT characters. AI Arena is not only a game but also an AI model training platform, aiming to allow more users to experience AI. The game's native token $N is used to incentivize players and researchers and as the foundation of the in-game economy. AI Arena is developed by ArenaX Labs, a company that has completed a seed round of funding and launched two AI platforms: ARC and SAI, aiming to change the gaming industry through AI. The token $N is planned for TGE in May, with an airdrop event.

Built on the Cosmos SDK, Berachain is an L1 blockchain compatible with the Ethereum Virtual Machine (EVM). It originates from the Bong Bears NFT series. Renowned for its unique community culture and strong brand power, the project has raised $420.69 million in seed funding. At the core of Berachain lies the Proof of Liquidity (PoL) mechanism, aimed at addressing some issues in Proof of Stake (PoS) networks, such as the balance between economic security and ecosystem liquidity, stake concentration, and coordination between dApps and underlying protocols. Berachain boasts a robust ecosystem with over 60 projects and has attracted significant attention from users and capital.